QUESTION 19 Arrow Corporation acquired new vehicle on January 1, 2006. On January 1, 2007 Arrow decides to sell the vehicle. Which one statement is true if Arrow sells the vehicle after one year of depreciation expense. 1. Arrows gain on the sale will be larger or loss will be smaller if t is using the Straight Line Depreciation Method rather than the Double Declining Balance Method. 2. Arrow's gain on the sale will be larger or loss will be smaller if it is using the Double Declining Balance Method rather than the Straight Line Depreciation Method 3. The gain or loss on the sale of the vehicle will be the same no matter which method of depreciation is used. 4. None of the above are true. QUESTION 20 If a company sells a tangible asset before it's useful life is over, it will: O 1. Receive more cash if it uses the Straight Line Method of depreciation. 2. Receive more cash if it uses the Double Declining Balance Method of depreciation O 3. Receive more cash if it uses the Units of Output Method of depreciation. 4. Receive the same amount of cash no matter which depreciation method it uses