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? 1 point straight line depreciation 150% declining balance depreciation 200% declining balance depreciation all of these methods would be equally fast skip for now submit answer

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? 1 point straight line depreciation 150% declining balance depreciation 200% declining balance depreciation all of these methods would be equally fast skip for now submit answer

Answer

Brief Explanations:

The 200% declining - balance depreciation (also known as double - declining - balance) method depreciates an asset at a faster rate compared to straight - line and 150% declining - balance methods. It applies a depreciation rate that is double the straight - line rate, resulting in larger depreciation expenses in the earlier years and getting the asset to its salvage value more quickly.

Answer:

C. 200% declining balance depreciation