Which of the following statements about straight-line depreciation is correct?
A. The straight line method of depreciation results in a straight-line increase of depreciation expense over the life of an asset.
B. When the straight-line method is used to compute depreciation, an asset's carrying value remains constant over the life of the asset.
C. Straight-line depreciation is an approved method to allocate the cost of an asset to expense and it serves as a measure of the physical decline in the asset.
D. Straight-line depreciation is the most common method of depreciation used in the U.S. for financial reporting, but is not commonly used for taxes.
Answer: D
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Philosophers have found that the most effective way to develop dependable and universal methods for making ethical judgments is to fashion a priori guidelines
a. True b. False Indicate whether the statement is true or false
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Which of the following statements about debt is true?
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