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