ACC 205 Week 3 DQ2 Depreciation

<span itemprop="name">ACC 205 Week 3 DQ2 Depreciation</span>


There is a variety of depreciation methods used to allocate the cost of an asset to all of the accounting periods benefited by the use of the asset.  Your client has just purchased a piece of equipment for $100,000.  Explain the concept of depreciation.  Which of the following depreciation methods would you recommend: straight-line depreciation, double declining balance method, or an alternative method?  

Guided Response: 
Let at least two of your peers know if a company would use an accelerated depreciation method for their financial statements or their tax returns.  Why do you believe this would be the case?