QUESTION 11 Which of the following statements is correct when the straight-line method is used to compute depreciation O The carrying value of an asset is a constant amount during the asset's useful life. Accumulated depreciation is a constant amount during the asset's estimated useful life. Depreciation Expense is a constant amount each period. The book value of an asset is an increasing amount during the asset's useful life. None of the above statements are correct when the straight-line method is used to compute depreciation. QUESTION 12 Redmont Company's gross salaries and wages are $18,000, and it withholds $2,700 for income taxes and $1,377 for FICA employees' pay should include a: O credit to Salaries and Wages Payable for $18,000. debit to Salaries and Wages Payable for $13,923. credit to Salaries and Wages Payable for $13,923. debit to Salaries and Wages Expense for $13,923. none of the above Click Save and Submit to save and submit. Click Save All Answers to save all answers. MacE