True or False: Explain your answer please!

19. Under US GAAP, long-lived assets are recorded on the balance sheet at a value based on future cash flows they will generate. 20. Both the double-declining balance method and the sum-of-the-years' digits method are accelerated depreciation methods. 21. To improve comparisons of profitability of firms, an analyst could use the average useful life of fixed assets in the industry to compute a company's hypothetical depreciation expense. Routine equipment maintenance costs should be expensed rather than capitalized. _Expenses that increase the efficiency of a long-lived asset should be capitalized. 22. 23. 24. Research and development expenses are usually capitalized, since they are long-term in nature. Even though an asset impairment doesn't affect cash flows, a loss is still recognized on the income 25. statement