QUESTION 7 The expected value of an asset at the end of its useful life is known as A) book value OB) residual value C) carrying value D) market value QUESTION 8 Which of the following depreciation methods allocate a varying amount of depreciation to expense each year based on an asset's usage? A) the straight-line method B) the annuity method C) the units-of-production method D) the double-declining-balance method QUESTION 9 Which of the following depreciation methods always allocates a higher amount of depreciation in earlier years than in later years? A) the units-of-production method B) the straight-line method C) the double-declining balance method D) the first-in, first-out method