Under what conditions would a company most likely adopt the double-declining balance method for financial reporting? They have high technology, robotic equipment in their plant that becomes obsolete quickly and declines in utility to the company more rapidly in the early years of the asset's life. They have a fleet of trucks where repair costs increase annually as the fleet ages. They expect the asset to lose its market value more rapidly in the first few years of its life. Both A and B. All would be conditions for adopting double declining-balance. Which of the following is a true statement? Companies can change the method of depreciating assets from one year to the next. Companies can affect the book value at the end of the asset's life by choosing one method of depreciation over another. Companies can use one method of depreciation for some of their operational assets but the use a different method for another group or type of operational assets. All are true. None is true. Which of the following statements about asset impairment is false? Asset impairment is caused by events or circumstances where the estimated future cash flows are less than the asset's original cost. If an asset is impaired, a loss would be recognized in the period it can be estimated. Impairment will lead to writing down the asset's cost. None of the above is false. All of the above are false