5 Die 10 points The Double-Declining Balance method of Depreciation will lead to higher Income Taxes during Year 1 of an asset's life compared with the Straight Line method of Depreciation. True False 6 5 points Impairment charges reflect a decline in the value of an asset that was anticipated 4 periods prior. True False 7 5 points An intangible asset with an indefinite useful life is typically amortized using straight-line amortization. True False