Moving to another question will save this response. Question 21 Which of the fol

Question

Moving to another question will save this response. Question 21 Which of the following is true? O A If using the units-of-production method, it is possible to depreciate more than the depreciable base. B.tf using the straight-line method, the amoun odiation expense during the frstyear s igher than that of the double-dedining -balance O C. Regardless of the depreciation method used, salvage value is subtracted from the asset cost to determine annual depreciation expense. D Regardless of the depreciation method used, the amount of total depreciation expense dun g the life of the asset will be the same E. If using the double declining balance method, the asset's book value will be higher n the earty years of the asset's life as compared to the straight line meth Moving to another question will save this response Ques 6 7 iw

Explanation / Answer

Correct answer is Option D i.e. Regardless of the depreciation method used, the amount of total depreciation expense during the life of the asset will be the same.

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