Question: Which statement is true concerning depreciation? i . Straight - line Depreciation is recognized evenly over the estimated useful life of the asset ii .

Which statement is true concerning depreciation?
i. Straight-line Depreciation is recognized evenly over the estimated useful life of the asset
ii. Declining balance method results in more depreciation expenses in the final year of the assets life compared to the first year.
iii. Under the declining balance method, the salvage value is necessary to compute depreciation expenses for the first year of the assets life.

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