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Hill Inc Purchased an Asset on January 1, 2016

Question 13

Multiple Choice

Hill Inc. purchased an asset on January 1, 2016. Hill chose an accelerated depreciation method to depreciate the asset. Which of the following is correct if Hill would have chosen the straight-line depreciation method instead?


A) Depreciation expense would have been lower in 2016.
B) The book value of the asset would have been lower at the end of 2016.
C) The net income would have been lower during 2016.
D) The accumulated depreciation balance would have been higher at the end of 2016.

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