The double-declining - balance method of depreciation causes: O A. the same amount of depreciation in early years of an asset's use as compared to other depreciation methods O B. more depreciation in early years of an asset's use as compared to other depreciation methods O c. less depreciation in early years of an asset's use as compared to other depreciation methods OD. is not an acceptable depreciation method according to GAAP A loss is recorded on the sale of property, plant, and equipment when: O A. the asset is sold for a price greater than the asset's book value OB. a loss on the sale of property, plant, and equipment is not allowed according to GAAP OC. the asset's book value is less than the balance in Accumulated Depreciation OD. the asset's book value is greater than the amount of cash received from the sale Equipment with a book value of $8,000 is sold for $1,000 cash. The statement of cash flows will report a: O A. $1,000 cash inflow in the operating activities section O B. $1,000 cash inflow in the investing activities section O c. $7,000 cash outflow in the operating activities section OD. $7,000 cash outflow in the financing activities section Acquisitions and sales of long-term assets are reported as investing activities on the statement of cash flows. True False