### Highest amount of income tax expense

Assignment Help Financial Accounting
##### Reference no: EM134936

Question :

Which depreciation method would result in the highest amount of income tax expense being paid in the first year of an asset's useful life? My answer is A) Straight-line, but I am not so sure it's right; please give detail explanation for me.

A) straight-line

B) sum-of-the-years'-digits

C) double-declining balance

D) either (b) or (c) depending on the cost of the asset

E) all depreciation methods would report the same amount of income tax expense

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