Which of the Following Statements Is Correct When the Straight-Line

Multiple Choice

Which of the following statements is correct when the straight-line method is used to compute depreciation?

A) The carrying value of an asset is a constant amount during the asset's useful life.
B) Accumulated depreciation is a constant amount during the asset's estimated useful life.
C) Depreciation Expense is a constant amount each year.
D) The book value of an asset is an increasing amount during the asset's useful life.