Question 2 Answer the following questions concerning the choice of depreciation method for an asset that has a life of ten years. Select your answer by clicking in the drop down box to the right of each question. Which depreciation method will show the highest amount of income tax expense in the first year of owning the asset? double-declining balance > Which depreciation method will show the higher book value of the asset at the end of the first year? straight-line most Which depreciation metholswould likely result in a gain if the asset was sold at the end of the third year of ownership? double-declining balance V