Solved

Which of the Following Statements Is True with Regard to Depreciation

Question 62

Multiple Choice

Which of the following statements is true with regard to depreciation expense?


A) Different companies in the same industry always depreciate similar assets by the same methods.
B) A company using straight line will show a smaller book value for assets than if the same company uses double declining balance.
C) Choosing double declining balance over straight line will produce a greater total depreciation expense over the asset's life.
D) A company should use the depreciation method that best matches expense recognition with the use of the asset.

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions