Accelerating depreciation a. results in lower net income in earlier years and higher net income in later years b. is sued more often on the income statement than is the straight-line method c. leads to higher book values for depreciable assets than does the straight-line method d. allocates larger portions of cost to later periods than to earlier 25. A two-year bond is issued at a face value of $1,000 and a stated rate of 10%. The market rate of interest is 6% and the bond pays interest each year. How much is the first interest payment?