In general, $\_\_\_\_\_\_\_\_.$

Question $16$ options:

a longer depreciable life is preferred, because management can postpone purchasing new assets, since the old assets still have a useful life

a shorter depreciable life is preferred, because management can then purchase new assets, as the old assets are written off

a longer depreciable life is preferred, because it will result in a faster receipt of cash flows

a shorter depreciable life is preferred, because it delay tax payments and thereby increase a project's NPV