QUESTION 2 Which of the following statements is false? O A Acquisition cost should include all costs incurred to prepare the set for its intended use The Aging Method of estimating bad debt assumes that the longer customer accounts are outstanding the less likely the company will receive them in cash O the Double Declining Balance depreciation method assume that an assets more productive in the later years of its life so depreciation expense increases over time OD. Accumulated Depreciation should be closed to zero when the associated asset is sold