Indicate Whether Each of the Following Statements Is True or False.a)Straight-Line

question 161

True/False

Indicate whether each of the following statements is true or false.a)Straight-line depreciation is the most widely used method in the U.S.b)An accelerated depreciation method provides a lower depreciation charge in the early years of an asset's life cycle than does the straight-line method.c)The units-of-production method allocates the cost of a plant asset in proportion to the asset's usage.d)Total depreciation expense recognized over the asset's life is not affected by the choice of depreciation methods.e)Recording depreciation expense affects the income statement and the statement of cash flows but neither the balance sheet nor the statement of changes in stockholders' equity.

---

Definitions:

Capital Flight

The transfer of savings from developing countries to industrially advanced countries to avoid government expropriation, taxation, or higher rates of inflation, or simply to realize greater returns on financial investments.

Export Earnings

The revenue a country or business receives from selling goods and services to other countries.

External Debts

These are funds borrowed by one country from foreign lenders, including private banks, governments or international financial institutions.

Western Europe

A geographical and cultural region of Europe that includes countries such as France, Germany, Italy, and the United Kingdom.