2) If an asset is used evenly over a 4-year service life, straight-line depreciation and units-of-production depreciation will result in the same amount of depreciation every year.

True

False

3) Equipment purchased on 01/01/23 for $72K (U/L = 5 years, S/V = $6K). Depreciation for 2024 using sum-of-the-years-digits and double-declining-balance methods would be:

a. $19.2K and $20.48K, respectively

b. $19.2K and $18.24K, respectively

c. $17.6K and $18.24K respectively

d. $17.6 K and $17.28K, respectively