The primary advantage to using accelerated rather than straight-line depreciation is that with accelerated depreciation the total amount of depreciation that can be taken, assuming the asset is used for its full tax life, is greater. a. True b. False

Question

Elliot Hawkins

Business

30 August, 09:19

The primary advantage to using accelerated rather than straight-line depreciation is that with accelerated depreciation the total amount of depreciation that can be taken, assuming the asset is used for its full tax life, is greater. a. True b. False

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Answers (1)

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Marco Gill · Answer 1

The correct answer is letter "B": False.

Explanation:

The most important advantage of implementing accelerated advantage over straight-line advantage is that with the first, deductions are greater during the first years of the life of the asset and it is reduced with the past of the years, by the same time that the asset is being depreciated.