Problem $8-1$A $($Static$)$ Plant asset costs; depreciation methods LO C$1,$ P$1$

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Timberly Construction makes a lump$-$sum purchase of several assets on January $1$ at a total cash price of $$900,000.$ The estimated market values of the purchased assets are building, $$508,800$; land, $$297,600$; land improvements, $$28,800$; and four vehicles, $$124,800.$

Jroblem $8-1$A $($Static$)$ Part $4$

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

Is tax payment less under accelerated depreciation?