question #4 Which depreciation method ignores salvage value when calculating year 1 depreciation: 1. Straight line 2. Units of production 3. double declining balance 4. None of the above 5. Answers 2 and 3

question #5 Which results in higher depreciation expense in an assests early years? 1. Straight-line 2. Double Declining Balance 3. They both result in the same amount of depreciation expense in early years.

question #6 Which would a company prefer when discarding of an asset 1. Loss 2. Gain 3. Neither a loss or a gain 4. All the above are prefered equally