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