Which of the following statements about depreciation is true? Select one: a. The choice of depreciation method has no impact on a firm's value because the same amount of depreciation is taken over the life of an asset regardless of the method used. O b. Depreciation must be calculated the same way for financial reporting and tax purposes. c. Depreciation is a non-cash expense, but it is important because it affects a corporation's tax liability. O d. A shareholder wealth maximizing corporation prefers to defer depreciation expense in order to increase current reported profits. Which of the following sequence of events follows a decrease in the discount rate? Select one: o a. rt - IT - AE Y O b. rf = I1 - AE = YL c. Ti = I1 = AE = YT d. r = I1 AE Y