10) Which of the following methods of depreciation always results in more depreciation in the early years of an asset's life and less depreciation in the later years? a) straight line b) declining balance c) units of activity d) both (b) and (c) above d) both (b) and (c) above 11) A plant asset has a depreciable cost of $10,000 and an estimated useful life of 100,000 hours. If it used for 24,000 hours during the first year, what is its net book value at the end of the first year? a) $10,000 b) $ 7,600 c) $ 2,400 d) $ 1,000 12) The total amount of depreciation recorded for a plant asset will be the same regardless of the method of depreciation used. a) True b) False 13) The Internal Revenue Service requires companies to use the same depreciation method on the tax return that is used in preparing financial statements. a) True b) False