Question 14 (1 point) Which of the following statements is False: O Forgetting (neglecting) to record amortization in a period will overstate equity, assets, and retained earnings in that period. O A change in estimate in the useful life or salvage value of a long term asset should be handled in current and future periods. O Depreciation is not a loss in market value of the asset. O An accelerated method of depreciation has higher depreciation expense in earlier years and lower depreciation expense in later years of the asset's useful life. O A loss on sale of an asset will occur when the proceeds from sale are lower than the cost of the asset