Choose the letter of the correct answer. If the answer is not in the choices, write the word "None" and your answer beside it. 1. I. Using the declining balance method, the value of the depreciation is highest during the first year if the value of N is very high. II. The depreciation using this method will never reduce the net depreciable basis to zero. Which of the statement/s above is true? a.) I only c.) Both b.) II only d.) Neither