estion 11 Which of the following statements is not true? yet wered ked out 00 Fag Stion Select one: OCCA will be the same whether a company uses the straight-line, diminishing-balance, or units-of-production method. Cash flow will be affected by the use of different depreciation methods. The diminishing-balance depreciation method will result in lower net income compared to the straight-line depreciation method in the early years. Over the life of the asset, total depreciation expense will be the same whether a company uses the straight-line, diminishing-balance, or units-of-production method. tion 12 A truck costing S14,000 and on which $12,000 of accumulated depreciation has been recorded was disposed of for $3,000 cash. The entry to record this event would include a ered ad out on Select one: credit to Accumulated Depreciation for $12,000, credit to the Truck account for $3,000. loss on disposal of $1,000. gain on disposal of $1,000