12. How is the matching principle related to the recording of depreciation on tangible operational assets? a. A portion of the cost of the asset should be allocated as an expense for the periods in which the asset helps the business to earn revenue. b. The matching principle requires a company to use the same depreciation. c. Once a particular depreciation method is adopted for a particular asset, the owner must continue to use the same method. d. The accountant who calculates the depreciation may assume that the company will continue in business as long as the estimated useful life of the asset. 11. Angstrom Corporation purchased a truck at a cost of $60,000. It has an estimated useful life of five years and estimated residual value of $5,000. At the beginning of year three, Angstrom's managers concluded that the total useful life would be four years, rather than five. There was no change in the estimated residual value. What is the amount of depreciation that Angstrom should record for year 3 under the straight-line method? a. $11,000 b. $16,500 C. $15,500 d. $8,250