Depreciation methods?

Question

How and what areas of a business are affected when you change depreciation from 10 years to 7 years?

Answer 1

They would likely see slightly higher profits because of the tax benefits from having a higher deprecation each year. This is assuming that they have enough profits to benefit from the additional depreciation. With that extra money, they could invest that into other projects.

Answer 2

The book value of assets decreases more rapidly when depreciation is accelerated