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UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549Form 10Q QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For Quarter Ended August 31,
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Accelerated depreciation is a method of calculating the depreciation of an asset at a faster rate than straight-line depreciation.
Businesses that own depreciable assets may be required to file accelerated depreciation schedules.
To fill out an accelerated depreciation schedule, you need to calculate depreciation using a method that front-loads the depreciation expenses.
The purpose of accelerated depreciation is to allow businesses to deduct a larger portion of the asset's cost in the earlier years of its useful life.
The accelerated depreciation schedule should include details about the asset, its cost, the method of depreciation used, and the depreciation expenses for each year.
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