Which of the following statements is true regard to depreciation expense? A. A company should use the
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Question:
A. A company should use the depreciation method that best matches expense recognition with the use of the asset.
B. A company using straight line will show a smaller book value for assets than if the same company uses double declining balance.
C. Choosing double declining balance over straight line will produce a greater total depreciation expense over the asset's life.
D. Different companies in the same industry always depreciate similar assets by the same methods.
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
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