Hill Inc. purchased an asset on January 1 of the current year. Hill chose an accelerated depreciation method to depreciate the asset, instead of the straight-line method. Which of the following is correct?

The book value of the asset at the end of the current year will be higher than it would be under the straight-line method.

Net income will be higher in the current year under the accelerated method than under the straight-line method.

Depreciation expense will be higher in the current year under the accelerated method than under the straight-line method.

The balance in the accumulated depreciation account will be lower at the end of the current year than it would be under the straight-line method.