21. Indicate whether each of the following statements is true or false. years of an asset's life cycle than does the straight-line method. proportion to the asset's usage. of depreciation methods. flows but not the balance sheet or statement of changes in stockholders' equity. a) Straight-line depreciation is the most widely used method in the U.S b) An accelerated depreciation method provides a lower depreciation charge in the early c) The units-of-production depreciation method allocates the cost of a plant asset in d) Total depreciation expense recognized over the asset's life is not affected by the choice c) The entry to record depreciation affects the income statement and the statement of cash Indicate whether each of the following statements is true or false. 22. a) MACRS is an accelerated depreciation method commonly used for tax purposes. b) The half-year convention is a semiannual meeting of accountants and educators. c) MACRS requires that the taxpayer estimate the salvage value of assets. d) The use of MACRS provides tax benefits in the early years of an assets life, e) Most companies use the same depreciation method for both financial reporting and compared to use of the straight-line method. tax reporting