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Diminishing balance method of deprecation in the financial statements be more conservative or less conservative than the current practice of using the straight-line method?
Wiki User
∙ 13y ago
"Would the use of accelerated method - Diminishing balance method of deprecation in the financial statements (Income statement and Balance sheet) be more conservative or less conservative than the current practice of using the straight-line method?" Briefly explain.
Wiki User
∙ 13y ago
The diminishing balance method of depreciation is generally considered less conservative than the straight-line method as it results in higher depreciation expenses in the earlier years of an asset's life. This reflects a more aggressive approach in recognizing depreciation compared to the straight-line method, which spreads depreciation evenly over the useful life of the asset.
Wiki User
∙ 13y agoaccelerated and straightline method of depriciation, which is less conservative?
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