The method of determining depreciation that yields successive reductions in the periodic depreciation charge over the estimated life of the asset is the

A) units-of-production method
B) double-declining-balance method
C) straight-line method
D) time-valuation method

Double-Declining-Balance

An accelerated depreciation method that calculates depreciation at twice the rate of the straight-line method.

Depreciation

The systematic allocation of an asset's cost over its useful life, reflecting its decrease in value over time.

Periodic Depreciation Charge

A non-cash expense that allocates the cost of a tangible asset over its useful life on a regular basis.