Question: Knowledge Check Indicate if each statement is true or false. 1 . The declining - balance method results in a constant expense each accounting period.

Knowledge Check
Indicate if each statement is true or false.
1. The declining-balance method results in a constant expense each accounting period.
2. In early years, declining-balance depreciation expense will exceed straight-line. In later years, it will be less than straight-line.
3. Under the units-of-activity method, companies can measure production in terms of units of output, machine hours, or the number of years which the asset is used.
Knowledge Check Indicate if each statement is

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