Please answer this questions as soon as possible I will upvote and give positive comment

1. Under the elimination method of revaluation, the accumulated depreciation account is eliminated against the historical cost of the asset prior to any revaluation.

Select one:

True

False

2.

Goodwill is said to be impaired if the carrying value of the CGU including Goodwill is greater than its Fair Value.

Select one:

True

False

3.

If income tax effects are ignored, accelerated amortization methods provide funds for the earlier replacement of fixed assets.

Select one:

True

False

4.

In the early years of an asset's useful life, the use of double-declining balance method of amortization will result in a more favourable debt-to-equity ratio than the straight-line method would.

Select one:

True

False