Which of the following statement is

true?

Group of answer choices

Regardless the depreciation methods used, the total depreciation expenses recorded over the useful life of an asset should be same.

The book value of a plant asset is also known as the net value or the carrying value.

Depreciation should not be recorded in years in which the market value of the asset has increased.

Depreciation is a process of allocating the cost of an asset to expense over its useful life.