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Sagot :
The declining balance method usually results in the lowest net income that is option C is correct.
The declining balance method may be defined as the method used in economics used for recording larger depreciation expenses that have occurred during the time when the life was asset was useful and depreciation expenses occurred in the later life span of the asset. Depreciation may be defined as the condition when the monetary value of an asset decreases over time due to wear and tear, excessive use and lack of importance in the present world. An asset is the term used to refer to a valuable entity which has economic importance and can be utilized by the country or individual to gain maximal profits and benefits molded carefully.
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Complete Question:
Compared to other methods of calculating depreciation, how does the declining balance method affect net income in the first year?
A. It results in the highest net income.
B. It results in net income that is similar to other methods.
C. It usually results in the lowest net income.
D. It results in net income less than the units-of-activity method but a higher net income than the straight-line method.
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