Which of the following statements is correct? Multiple Choice Companies will change the method of depreciating assets from one year to the next to reflect usage of an asset. Companies can maximize net income in the first year of an asset's life by selecting the double-declining-balance method rather than the straight-line depreciation method. Companies can use one method of depreciation for some of their long-lived productive assets but then use a different method for another group or type of long-lived productive assets. Companies can minimize an asset's book value in the first year of use by selecting the straight-line depreciation method rather than the double-declining-balance method