View Policies Current Attempt in Progress Contrast the effects of the three depreciation methods on (1) depreciation expense, (2) net income, (3) accumulated depreciation, and (4) carrying amount in each of the following: (a) the early years of an asset's life, and (b) over the total life of the asset. (1) Depreciation Expense (a) Early years Straight-line Units-of-production Diminishing-balance Same each year Decreases each year All three result in the same total depreciation expense Varies with number of units produced (b) Total life Straight-line, units- of-production, diminishing-balance (2) Net Income