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Which of the Following Statements Is Correct

Question 23

Multiple Choice

Which of the following statements is correct?


A) Companies can change the method of depreciating assets from one year to the next.
B) Companies can affect the book value at the end of an asset's life by choosing one method of depreciation over another.
C) Companies can use one method of depreciation for some of their long-lived, productive assets but then use a different method for another group or type of long-lived, productive assets.
D) Companies can minimize an asset's book value in the first year of use by selecting the straight-line depreciation method rather than the double-declining-balance method.

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