Answer the following as True of False, then select the correct corresponding multiple choice answer.

$\_\_\_\_\_\_\_\_\_$ Accounting for a capital expenditure impacts the book value of plant assets, but has no

effect on the amount of net income reported during the accounting period.

$\_\_\_\_\_\_\_\_\_$ Using straight$-$line depreciation will cause a company to incur less tax expense in the

early years of an asset$$s life than if the company was using the double declining method.

$\_\_\_\_\_\_\_\_\_$ Intangible assets are disclosed on the balance sheet at their fair market value.

Group of answer choices

True, true, true

False, false, false

False, true, false

True, false, true

True, true, false