Please answer all these TRUE OR FALSE (T/F) questions correctly! Thanks!

33. Although the straight-line method of depreciation is the simplest to calculate, it is the least commonly used. T/F?

37. When a change in depreciation estimate is required, the company adjusts depreciation in prior periods. T/F?

41. The double-declining-balance method produces a higher net income than the straight-line method in the earlier years of an asset's life. T/F?

45. On January 1, Year 1, a company purchases a long-term asset having a service life of ten years. In comparing the straight-line and double-declining-balance methods, the method that produces higher depreciation expense in Year 1 of the assets life is the straight-line method. T/F?

50. Goodwill has an indefinite useful life. T/F?