Which of the Following Statements About Depreciation Is Correct? a Company

Multiple Choice

Which of the following statements about depreciation is correct? A company:

A) must use the same depreciation method for all classes of assets consistently over time.
B) may use different methods of depreciation for any class of asset and may change methods as it sees fit.
C) must use straight-line depreciation for tax reporting.
D) may use different depreciation methods for different classes of assets from one year to the next.