Accounting for IGCSE & O level - Accounting Procedures (Section 9 - No. 32)
Which of the following depreciation methods generally results in the highest depreciation expense in the early years of an asset's life?
Straight-line
Declining balance
Units of production
Sum-of-the-years' digits
Explanation
Declining balance methods typically result in higher depreciation expense in the early years, decreasing over the asset's life.
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