An industry expert, part of your project analysis team, told you that no matter when you take (recognize) depreciation of a given capital asset, you save the same number of dollars (expressed as a simple count, not in terms of present value), as long as your tax rate state constant. He claims that this applies equally to linear depreciation and MACRS-based depreciation. As far as you know, this person's expertise is in technology, with no special expertise in finance, but you do not really know much about him. You are pondering his statement. You decide that: O your colleague is right. your colleague is not right, the number of dollars saved due to depreciation will depend on the precise depreciation schedule, the time when an asset is sold (if it is sold), and perhaps other factors. O your colleague is right, but only one sells one's capital assets before they are fully depreciated. O your colleague is right, but only if one holds one's capital assets until they are fully depreciated