Question: Depreciation: Question 1 options: 1 ) Is always considered a period cost. 2 ) Could be a product cost or a period cost depending on

Depreciation:
Question 1 options:
1)
Is always considered a period cost.
2)
Could be a product cost or a period cost depending on the use of the asset.
3)
Is usually based on the declining-balance method.
4)
Per books is usually higher than MACRS in the early years of an asset's life.

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