Final answer:
The correct statement about accelerated depreciation is that it results in higher early depreciation. It does not delay tax deductions nor spreads depreciation evenly; it is also accepted by tax authorities.
Step-by-step explanation:
The statement that is true regarding the use of an accelerated depreciation method is C. It results in higher early depreciation. Unlike straight-line depreciation, which spreads the cost evenly over the asset's useful life, accelerated depreciation methods like the Double Declining Balance or the Sum of the Years' Digits allow for larger depreciation expenses in the early years of an asset's life. This can be beneficial for businesses as it reduces taxable income earlier, leading to a deferral of tax liabilities. However, the statement It delays tax deductions is not true, as accelerated depreciation does not delay, but rather accelerates, tax deductions. B. It spreads depreciation evenly over time is also incorrect because it specifically describes straight-line depreciation. Lastly, D. It is not accepted by tax authorities is incorrect, as accelerated depreciation methods are indeed accepted by tax authorities in many jurisdictions for tax purposes.