Which of the following statements is correct? Using an accelerated depreciation method will lead to a higher fixed asset turnover ratio for the first year. Using accelerated depreciation in the first year of an asset's life will result in a higher net income during the first year compared to using the straight-line depreciation method. Using straight-line depreciation in comparison to an accelerated depreciation method will result in a lower reported amount of total assets at end of the first year of an asset's life. Using straight-line depreciation in comparison to an accelerated depreciation method will lead to a higher net book value at the end of an asset's life