Which statement is true concerning the straight-line method of depreciation? Select one: a. Depreciation does not take salvage value into consideration b. Purchase cost is expensed in the year of acquisition c. Depreciation is recognized evenly over the estimated useful life of the asset d. Depreciation is equal to the proceeds received on sale less the amount paid to acquire the asset
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Home » Business » Which statement is true concerning the straight-line method of depreciation? Select one: a. Depreciation does not take salvage value into consideration b. Purchase cost is expensed in the year of acquisition c.