On January 1,2012,Santa Fe Company purchased a truck that cost $34,000.The truck had an expected useful life of 5 years and a $4,000 salvage value.Based on this information alone:
A) The amount of depreciation expense recognized in 2015 would be greater if Santa Fe depreciates the asset under the straight-line method than if the double declining balance method is used.
B) The total amount of depreciation expense recognized over the five year useful life will be greater under the double declining balance method than the straight-line method.
C) At the end of 2013,the amount in accumulated depreciation account will be less if the double declining balance method is used than it would be if the straight-line method is used.
D) Both A and C
Correct Answer:
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