Question: Mark the following statements as True or False then select the corresponding multiple choice answer. ________ Regardless of the depreciation method used, the total amount

Mark the following statements as True or False then select the corresponding multiple choice answer.

________ Regardless of the depreciation method used, the total amount of depreciation taken over

the life of the asset will be the same.

________ ABC Company purchased equipment on January 1, 2018. The following information is

available concerning the purchase: Invoice price $12,000, installation costs $300,

shipping charges $900, trial run materials and labor $400. The equipment account will

be debited for $13,600 on January 1, 2018.

A

True, True
B

True, False
C

False, True
D

False, False

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