Which of the following statements is true? Depreciable cost is the acquisition cost of the asset less the salvage value. Il The method of depreciation should not affect the total amount of depreciation expense recorded over the life of the asset III. Only the straight-line method of depreciation takes the salvage value into account IV. If an asset is fully depreciated, the book value should equal the salvage value . regardless of the method of depreciation, Multiple Choice All statements are true Only I, I, and ill are true Only I, II and IV are true Only I and Il are true None of the statements are true