Contrast the effects of the three depreciation methods on (1) depreciation expense, (2) net income, (3) accumulated depreciation, and (4) carrying amount in each of the following: (a) the early years of an asset's life, and (b) over the total life of the asset. (1) Depreciation Expense (2) Net Income (a) Early years Straight-line All three result in the same total depreciation expense Constant charge (depreciation expense) to incom Units-of-production Varies with number of units produced Impact on income will vary with the number of ur Diminishing-balance Decreases each year All three result in the same total impact on net in (b) Total life Straight-line, units- of-production, diminishing-balance Same each year Constant charge (depreciation expense) to incom (2) Net Income (3) Accumulated Depreciation Constant charge (depreciation expense) to income Increases at a variable amount based on number of un Impact on income will vary with the number of units produced Increases at a diminishing amount each year All three result in the same total impact on net income Increases at a variable amount based on number of un Constant charge (depreciation expense) to income Increases by a constant amount each year (3) Accumulated Depreciation (4) Carrying Amount Increases at a variable amount based on number of units produced Increases at a diminishing amount each year Increases at a variable amount based on number of units produced Increases by a constant amount each year