Timberly Construction makes a lump-sum purchase of several assets on January 1 at a total cash price of $820,000. The estimated market values of the purchased assets are building, $530,000; land, $280,000; land improvements, $30,000;

and four vehicles, $160,000.

4. Compared to straight-line depreciation, does accelerated depreciation result in payment of less total taxes over the asset's life?

Required information [The following information applies to the questions displayed below.] Timberly Construction makes a lump-sum purchase of several assets on January 1 at a total cash price of $820,000. The estimated market values of the purchased assets are building, $530,000; land, $280,000; land improvements, $30,000; and four vehicles, $160,000. Compared to straight-line depreciation, does accelerated depreciation result in payment of less total taxes over the asset's life