Which of the following statements is incorrect? The depreciation method does not affect the cost of the asset. The book value of the firm's equity is one of the least informative items on the balance sheet because it is simply a historical record, and therefore, it says very little about the current market value of the stockholders' stake in the firm. O Inventory is a current asset on the balance sheet, but it is usually the least liquid of the current assets. Net working capital (NWC) = Total current assets + Total current liabilities. All the answers are correct except one