Question

Which of the following statements is true with regard to depreciation expense? 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. 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 will always depreciate similar assets by the same methods.

Answer 1

Answer: the right one

Explanation:

because