a depreciable asset has an original cost of $100,000, a salvage value of $0, and a 5 - year useful life…

a depreciable asset has an original cost of $100,000, 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 $100,000, 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:

The 200% declining - balance depreciation method (also known as double - declining - balance) is an accelerated depreciation method. It depreciates assets at a faster rate compared to straight - line and 150% declining - balance methods. In the early years, it allocates a larger amount of the asset's cost as depreciation expense, thus getting the asset to its salvage value more quickly.

Answer:

C. 200% declining balance depreciation