Question: Which statement is true concerning the straight - line method of depreciation? Select one: A . Annual depreciation expense is highest in the early years

Which statement is true concerning the straight-line method of depreciation?
Select one:
A.
Annual depreciation expense is highest in the early years and decreases over the life of the asset.
B.
Depreciation is equal to the proceeds received on sale less the amount paid to acquire the asset.
C.
Purchase cost is expensed in the year of acquisition.
D.

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