The Declining Balance Method of Depreciation;

i) Applies the depreciation rate to a declining (net) balance rather than to a constant cost.

ii) Creates a lower amortization charge in the first of an assets life than will the straight-line method.

iii) Will Recognize lower amounts of depreciation early in the useful life of tangible assets and greater amounts later.

iv) Does not subtract residual value from cost when computing depreciation.

Which statement is correct?