If we compare the impact of using accelerated depreciation to the impact of using straight line depreciation, for a company that has been in existence many years and replaces its equipment as it becomes fully depreciated, which of the following statements is true?

If it is keeping its level of equipment constant, the depreciation expense under both methods will be similar

If it is rapidly increasing its level of equipment constant, the depreciation expense under the straight$-$line method will be higher.

Regardless of whether it is expanding or reducing its stock of equipment, depreciation expense using accelerated depreciation will always be much higher.

Regardless of whether it is expanding or reducing its stock of equipment, depreciation expense using accelerated depreciation will always be much lower.