A company uses the double declining balance method to depreciate its machinery. How would this method be applied under both GAAP and IFRS?

• A. The machinery is depreciated at a constant rate over its useful life.
• B. The machinery is depreciated based on its usage or activity level.
• C. The machinery is depreciated using a revaluation model.
• D. The machinery is depreciated at an accelerated rate, reducing the book value more quickly in the early years.

Answer: (D)