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Which of the following statements is true with regard to depreciatio

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Which of the following statements is true with regard to
depreciation expense?A company should use the
depreciation method that best matches expense
recognition with the use of the asset.A company using
straight line will show a smaller book value for assets than
if the same company uses double declining
balance.Choosing double declining balance over straight
line will produce a greater total depreciation expense over
the asset\'s life.Different companies in the same industry
always depreciate similar assets by the same methods.
Solution
A company should use the depreciation method that best
matches expense recognition with the use of the asset.

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Which of the following statements is true with regard to depreciation expense?A company should use the depreciation method that best matches expense recognition with the use of the asset.A company using straight line will show a smaller book value for assets than if the same company uses double decl ...
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