answersLogoWhite

0


Best Answer

Double declining balance.

User Avatar

Wiki User

11y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: Which method almost always produces the most depreciation in the first year?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Accelerated depreciation method?

Accelerated depreciation is method in which double rate for depreciation is used as compare to straight line method.


Depreciation straight line method?

Straight line depreciation method is that method in which fixed amount of depreciation is charged to all fiscal years in which that asset is used.


Straight line method of depreciation?

Straight line depreciation method is that method in which fixed amount of depreciation is charged to all fiscal years in which that asset is used.


What is MT and MSL in accounting depreciation method?

MT and MSL are two depreciation methods used in accounting. They are based on the linear method of depreciation.


How is the straight line depreciation method different from declining balance method?

The straight-line depreciation method allocates the cost of an asset evenly over its useful life, while the declining balance method applies a fixed depreciation rate to the asset's declining book value each year. Straight-line method results in equal annual depreciation expenses, while declining balance method typically yields higher depreciation expenses in the early years of an asset's life.


What is the fastest depreciation method?

straight line method


What are the basic method of depreciation?

http://en.wikipedia.org/wiki/Depreciation#Straight-line_depreciation


What is the formula for a straight line depreciation method?

The formula for a straight line depreciation method is the Cost minus the Salvage Value over the Life in Number of Periods which will equal Depreciation.


What depreciation method does target use?

the straight line method


For income statement purposes depreciation is a variable expense if the depreciation method is?

Units-of-production


What is the depreciation method with successive reductions in depreciation over life of asset?

declining - balance


What method of depreciation does Target Corp use on their financial statements?

According to their annual report, Target generally uses the accelerated depreciation method.