Accelerated depreciation is a method of depreciating assets faster than the standard useful-life method, resulting in higher depreciation expenses earlier in the asset's life. This method is particularly useful for assets that lose their value quickly due to rapid innovation or technological change.
The life cycle refers to the stages a firm or its product passes through, such as development, growth, expansion, maturity, saturation, and decline. Unlike certain staple products, most new products follow this progression.
