4. Which of the following istrue?

A.If using the units-of-production method, it is possible to depreciate more than the depreciable base.

B.If using the straight- line method, the amount of depreciation expense during the first year is higher than that of the double-declining-balance.

C.Regardless of the depreciation method used, salvage value is subtracted from the asset cost todetermine annual depreciation expense.

D.Regardless of the depreciation method used, the amount of total depreciation expense during the life of the asset will be the same.

E.If using the double declining balance method, the asset's book value will be higher in the early years of the asset's life as compared to the straight-line method.

7. Answer the following as true or false, then select the correct multiple-choice answer

_______ A gain on the sale of a fixed asset is included in income from operations

_______ Goodwill is an intangible asset that is amortized over its life

_______Research and development costs are added to the cost of the intangible asset

A.True, True, True

B.False, False, False

C.False, False, True

D.False, True, False

E.True, True, False