Question

Which of the following statements is true when the straight-line method is used to compute depreciation...

Which of the following statements is true when the straight-line method is used to compute depreciation expense?

1)

All statements are true.

2)

 Carrying value is constant during an asset's useful life.

3)

 Depreciation expense equals the depreciable cost divided by an asset's useful life.

4)

 Accumulated depreciation is constant during an asset's estimated useful life.
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