8 5 pts Signify TRUE or FALSE as applicable for each of the following items as they pertain to depreciation. Accelerated deprecation is better suited for [Choose ] situations where assets become worn based on usage rather than passable of time. Accelerated depreciation means that the asset is depreciated in fewer periods than other depreciation methods. [Choose ] Units of production is better suited for situations where usage varies from period to period. [Choose ] Accelerated depreciation ignores salvage [Choose ] value and allows a business to depreciate an asset to a zero book value. In an asset's first year of depreciation, [Choose ] straight line depreciation would generate a higher depreciation expense than accelerated depreciation. In an asset's final year of depreciation, [Choose ] straight line depreciation would generate a higher depreciation expense than accelerated depreciation (assume the asset is held and used for its entire estimated useful life). Double declining balance is the ONLY allowable method of accelerated depreciation. [Choose ] > >