Evaluate each statement made about a Net Income and label it either true or false.

$1.$ The choice of a depreciation method for a fixed asset will affect the NI reported in the year the asset is sold. True$/$False

$2.$ The adjusting entry to estimate bad debts has an immediate effect on Net Income. True$/$False

$3.$ A company's choice of the LIFO method for inventory costing will affect the Net Income reported in a particular year. True$/$False

$4.$ Accruing expenses such as salaries or interest has an effect on Net Income in a particular year. True$/$False

$5.$ The declaration of dividends has an immediate affect on net income. True$/$False

$6.$ The payment of a previously declared dividend has an affect on net income. True$/$False