Final answer:
The Accelerated Depreciation approach is justified based on the concept of present discounted value (PDV). By using accelerated depreciation, businesses can deduct a larger portion of an asset's cost earlier in its life, which helps in managing cash flows and reducing taxes in the short term.
Step-by-step explanation:
The Accelerated Depreciation approach is justified based on the concept of present discounted value (PDV). PDV is widely used as an analytical tool to compare present costs with the present discounted value of future benefits. This approach allows businesses and governments to make informed decisions about capital investments or proposals by considering the time value of money. By using accelerated depreciation, businesses can deduct a larger portion of an asset's cost earlier in its life, which helps in managing cash flows and reducing taxes in the short term.