Question 25 4 pts Which of the following statements is true? The straight-line method is the most common method of depreciation for financial reporting purposes (US GAAP "book" purposes) while an accelerated method such as double-declining balance is most common for tax purposes. O A company is required to use the same method of depreciation for tax purposes that it does for financial reporting (US GAAP "book" purposes). None of these statements is true. The straight-line method is the most common method of depreciation for tax purposes while an accelerated method such as double-declining balance is most common for financial reporting purposes (US GAAP book purposes)