Which of the following statements is not true?
A)CCA will be the same whether a company uses the straight-line, diminishing-balance, or units-of-production method.
B)Cash flow will be affected by the use of different depreciation methods.
C)Over the life of the asset, total depreciation expense will be the same whether a company uses the straight-line, diminishing-balance, or units-of-production method.
D)The diminishing-balance depreciation method will result in lower profit compared to the straight-line depreciation method in the early years.

Question

Quizplus · Accepted Answer

The Answer of Which of the following statements is not true?
A)CCA will be the same whether a company uses the straight-line, diminishing-balance, or units-of-production method.
B)Cash flow will be affected by the use of different depreciation methods.
C)Over the life of the asset, total depreciation expense will be the same whether a company uses the straight-line, diminishing-balance, or units-of-production method.
D)The diminishing-balance depreciation method will result in lower profit compared to the straight-line depreciation method in the early years.

Which of the Following Statements Is Not True