1. With reference to the straight-line depreciation method, which statement is false? (Show a graphic in place of a calculation to support your answer)
   1. An equal amount of depreciation is allocated each year.
   2. The book value of the asset decrements by a fixed amount each year.
   3. The depreciation life (n) is set based on the MARCS property classes.
   4. The asset is depreciated down to a book value equal to the salvage value.