Question 18. 18. Which of the following statements about depreciation is true? (Points : 3)

a.The depreciation method and the period of time selected to depreciate an asset can have a significant influence on income

b GAAP requires straight line depreciation

c.The depreciation methods that recognize a large amount of depreciation in the later years of an asset's life are conservative

d. The same depreciation method must be used for GAAP and tax purposes

e. If an accountant wants to know what an assets useful life is, they look it up in GAA