25. U.S GAAP recognizes the following depreciation methods, EXCEPT: A) Double Declining Balance B) MACRS C) Straight-line D) Units of Activity 26. Depreciation is a process of: A) Cost allocation. B) Cost accumulation. C) Asset devaluation. D) Asset valuation. USE THE FOLLOWING DATA SET TO ANSWER QUESTION #27 and #28 Widgets Incorporated purchased factory equipment on January 1, 2018, for $98,000. It is estimated that the equipment will have a $3,000 salvage value at the end of its 10-year useful life. Using the straightline method of depreciation... 27. The amount to be recorded as depreciation expense at December 31, 2018 (End of Year 1) is: A) $9,800 B) $19,600 C) $9,500 D) $19,000 28. The amount to be recorded as depreciation expense at the end of Year 8 is: A) $9,800 B) $19,600 C) $9,500 D) $19,000