Question 37 The calculation for annual depreciation using the straight-line depreciation method is depreciable cost divided by estimated useful life. True False Question 39 Two methods of accounting for uncollectible accounts are the allowance method and the net realizable method, True False Question 41 The difference between the balance in a fixed asset account and its related accumulated depreciation account is the asset's book value. True False Question 49 For the fiscal years 2019 and 2020, Apple Co reported the following: 2019 Sales 544,123,486, Accounts Receivable 5749,321 and 2020 Sales $34,124,961 and Accounts Receivables $719,365. The numbers of days' sales in receivables is 1.75 True False Question 52 Segregation of duties plays a major role in payroll internal controls. True False