QUESTION 3 The use of the double declining method for depreciation will yield higher depreciation expense in the first years of an asset's life as compared to the straight-line method. True False QUESTION 4 Most companies utilize an activity based method for depreciating plant, property and equipment because it is the easiest method to apply True False QUESTION 5 Depreciation expense may need to be adjusted towards the end of an asset's economic life to ensure the asset has been fully depreciated by the end of the period. True False