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