1. Which depreciation method is guaranteed to depreciate an asset to its salvage value?

Straight line depreciation

Declining balance depreciation

Both of these methods

Neither of these methods

2. Which depreciation method depreciates an asset more quickly?

Straight line depreciation

Declining balance depreciation

Both of these methods

Neither of these methods

3. Which depreciation method is a book accounting method of depreciation used to compute depreciation for financial statements such as an income statement or balance sheet (vs. a tax accounting method of depreciation method, used to calculate tax liability).

Straight line depreciation

Declining balance depreciation

Both of these methods

Neither of these methods

4. Which depreciation method results in a constant depreciation amount taken each period?

Straight line depreciation

Declining balance depreciation

Both of these methods

Neither of these methods

Give explanations to your answers.