True or False? 1. Depreciation is a means of cost allocation, not a matter of valuation. [Select] 2. When an improvement to a piece of equipment extends the equipment's useful life without increasing its productive capacity, the cost of the improvement should be expensed. [Select] 3. Changes in depreciation estimates are handled prospectively by using the remaining estimated useful life. [Select] 4. Companies should use the recoverability test when testing indefinite-life intangibles for impairment. [Select]