Which of the following statements is incorrect regarding depreciation methods? (assume the asset remains in use its entire useful life)

a) One disadvantage of the straight line method is that it does not reflect economic reality.

b) An asset's book value can be less than its residual value under the double declining balance method.

c) The double declining balance method is considered an accelerated depreciation method.

d) The straight line method expenses an equal amount every year of an asset's useful life.

e) Recording depreciation expense is part of the adjusting process.