Which of the following is INCORRECT?

Using double$-$declining balance depreciation instead of straight$-$line depreciation results in lower reported depreciation expense for that asset at the end of the first year of an asset's life.

Using double$-$declining balance depreciation instead of straight$-$line depreciation results in lower reported Total Assets at the end of the first year of an asset's life.

Salvage value is irrelevant when using the double$-$declining balance method of deprecation.

Most companies use the straight$-$line method when amortizing intangible assets with identifiable useful lives.