The use of accelerated depreciation for tax purposes and straight-line depreciation for accounting purposes results in: The asset being fully depreciated for tax purposes in half the time it takes to become fully depreciated for accounting purposes. A loss on the sale of the asset in question if it is sold for its book value before its useful life expires. A larger amount of depreciation expense shown on the income statement than on the tax return in the last year of the asset's useful life. A larger amount of depreciation expense shown on the tax return than on the income statement over the asset's useful life