PLEASE T OR F FOR FOLLOWING QUESTION Total depreciation expense over an asset's useful life will be

identical under all methods Of depreciation.

If a machine is damaged during unpacking, the repairs are

added to its cost $.$

Revising an estimate of the useful life or salvage value of a

plant asset is referred to as a change in accounting estimate

and is reflected in the current, and future financial

statements.

A plant asset's useful life is the length of time it is

productively used in a company s operations.

Plant assets refer to non$-$physical assets that are used in the

operations of a business.

the process of allocating the cost of a plant asset to expense

in the accounting periods benefiting from its use is called

depletion.

Depreciation is higher in earlier years and income is lower

in the later years when using straight$-$line versus

accelerated methods.

Once an asset's book value equals its salvage value,

depreciation stops.

Depreciation does not measure the decline in market value

of an asset each period.

The straight$-$line depreciation method yields a steady

pattern of depreciation expense.

Total depreciation expense over an asset's useful life will be

identical under all methods of depreciation.