Which statement, or statements, are true about depreciation? Question Blank $27$ of $42$

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A$.$ Depreciation is a non$-$cash expense that provides tax shield benefits.

B$.$ The greater the depreciation expenses in earlier years, the higher the present value of the project.

C$.$ For tax purposes, the MACRS depreciation schedules supersede the old methods of sum$-$of$-$the$-$years' digits, double declining balance, and so on$.$

D$.$ All of these are true.