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Company A uses an accelerated depreciation method while Company B uses the straight-line method for...

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Question

Accounting

Company A uses an accelerated depreciation method while Company B uses the straight-line method for an asset of the same cost and useful life. Which of the following statements is true?

Multiple Choice

  • Company A will have higher depreciation expense in the early years but Company B will have the higher expense towards the end of the asset's useful life.

  • Company A will consistently have higher depreciation expense until residual value is reached.

  • Company B will have higher depreciation expense in the early years but Company A will have the higher expense towards the end of the asset's useful life.

  • Company B will consistently have higher depreciation expense until residual value is reached.

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