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 always depreciate similar assets by the same methods.

Question

Quizplus · Accepted Answer

Expense recognition should match as closely as possible the benefit that was derived from the asset in a given perio

Which of the Following Statements Is True with Regard to Depreciation