a depreciable asset has an original cost of $100,00, a salvage value of $0, and a 5 - year useful life…

a depreciable asset has an original cost of $100,00, a salvage value of $0, and a 5 - year useful life. which method would get the asset to its salvage value the fastest? straight line depreciation 150% declining balance depreciation 200% declining balance depreciation all of these methods would be equally fast

a depreciable asset has an original cost of $100,00, a salvage value of $0, and a 5 - year useful life. which method would get the asset to its salvage value the fastest? straight line depreciation 150% declining balance depreciation 200% declining balance depreciation all of these methods would be equally fast

Answer

Brief Explanations:

Declining - balance depreciation methods allocate more depreciation in the early years. The higher the percentage in the declining - balance method, the faster the asset's book value approaches the salvage value. 200% declining - balance (double - declining - balance) depreciates at a faster rate than 150% declining - balance and straight - line methods.

Answer:

200% declining balance depreciation