Which of the Following Statements Is True Regarding Depreciation Expense

question 15

Multiple Choice

Which of the following statements is true regarding depreciation expense?

• A)Different companies in the same industry always depreciate similar assets by the same methods.
• B)A company using the straight-line method will show a smaller book value for assets than if the same company uses the double-declining-balance method.
• C)Choosing the double-declining balance method over the straight-line method 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.

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