Final answer:
Accelerated depreciation methods are primarily used in the financial statements of publicly traded companies.
Step-by-step explanation:
Accelerated depreciation methods are primarily used in the financial statements of publicly traded companies. This is because publicly traded companies often need to show their assets as being depreciated at a faster rate in order to lower their taxable income and increase their cash flow. Depreciation is a method used to allocate the cost of an asset over its useful life, and accelerated depreciation methods allow for a larger deduction in the early years of an asset's life.
Examples of accelerated depreciation methods include the double-declining balance method and the sum-of-the-years'-digits method. These methods result in higher depreciation expenses in the early years of an asset's life, which can provide financial benefits for companies.
In summary, True, accelerated depreciation methods are primarily used in the financial statements of publicly traded companies.