Which of the following statements is true with regard to depreciation expense? C

Question

Which of the following statements is true with regard to depreciation expense?

Choosing double declining balance over straight line will produce a greater total depreciation expense over the asset's life. Different companies in the same industry always depreciate similar assets by the same methods. A company should use the depreciation method that best matches expense recognition with the use of the asset. A company using straight line will show a smaller book value for assets than if the same company uses double declining balance.

Explanation / Answer

choosing double declining balance over straight line will produce a greater total depriciation expense over the asset's life

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