Preston Company is considering the use of accelerated depreciation rather than straight-line depreciation for a new asset acquisition.Which of the following choices correctly shows when the majority of depreciation would be taken (early or late in the asset's life) ,when most of the tax savings occur (early or late in the asset's life) ,and which depreciation method would have the higher present value? 
Definitions:
U.S. Trustee
A government official who performs administrative tasks that a bankruptcy judge would otherwise have to perform.
Petition
A formal written request, often signed by several individuals, appealing to authority with respect to a particular cause.
Cram-down Provision
A legal mechanism in bankruptcy proceedings allowing a court to approve a reorganization plan over the objections of some creditors.
Chapter 11
A provision of the United States Bankruptcy Code that allows businesses to reorganize and try to stay afloat while temporarily holding creditors at bay.
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