The Straight-Line Depreciation Method and the Double-Declining-Balance Depreciation Method

Multiple Choice

The straight-line depreciation method and the double-declining-balance depreciation method:

A) Are the only acceptable methods of depreciation for financial reporting.
B) Produce the same total depreciation over an asset's useful life.
C) Produce the same depreciation expense each year.
D) Are acceptable for tax purposes only.
E) Produce the same book value each year.