Question 3 3 pts When considering straight-line depreciation, the estimated useful life of factory or plant equipment is the length of time we believe it can productively be used in company operations. True O False Question 4 3 pts Accelerated depreciation methods like the double-declining method produce greater depreciation expense in the earlier years of an asset's life than the depreciation expense calculated using the straight-line method. True O False Question 5 3 pts A company purchased a long-term plant asset for $60,000. The asset has an estimated salvage value of $4,000, and an estimated useful life of 7 years. The annual depreciation expense using the straight-line method is $4,000 per year. True False