West Corp. purchased a piece of equipment in January 2014. The accountant of West Corp. decided to use double declining balance method to depreciate this equipment.

For 2014, compared with using straight-line depreciation method, the company will have:

A higher net income and a higher accumulated depreciation.

A lower net income and a higher accumulated depreciation.

A higher net income and a lower accumulated depreciation.

A lower net income and a lower accumulated depreciation.