a depreciable asset has an original cost of $100,000, a salvage value of $25,000, and a 5 - year useful…

a depreciable asset has an original cost of $100,000, a salvage value of $25,000, and a 5 - year useful life. which method would get the asset to its salvage value the fastest?\nstraight line depreciation\n150% declining balance depreciation\n200% declining balance depreciation\nall of these methods would be equally fast

a depreciable asset has an original cost of $100,000, a salvage value of $25,000, and a 5 - year useful life. which method would get the asset to its salvage value the fastest?\nstraight line depreciation\n150% declining balance depreciation\n200% declining balance depreciation\nall of these methods would be equally fast

Answer

Brief Explanations:

Declining - balance depreciation methods allocate more depreciation in the early years compared to straight - line. The higher the percentage in the declining - balance method, the more depreciation is taken in the early years. A 200% declining - balance method (also known as double - declining - balance) will depreciate the asset faster than 150% declining - balance and straight - line methods.

Answer:

C. 200% declining balance depreciation