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 depreciation 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)The entry to record depreciation affects the income statement and the statement of cash flows but not the balance sheet or statement of changes in stockholders' equity.

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The Answer of 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 depreciation 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)The entry to record depreciation affects the income statement and the statement of cash flows but not the balance sheet or statement of changes in stockholders' equity.

Indicate Whether Each of the Following Statements Is True or False