Which of the following statements is true regarding the declining-balance method of depreciation?

Group of answer choices

The same annual depreciation expense would be recognized each year the asset is being used.

In the last year of the asset's estimated useful life, what ever amount is needed to bring net book value to residual value is recorded as depreciation regardless of the amount of the computation.

Annual depreciation expense is calculated as a constant percentage of the acquisition cost of the asset.

The estimate of the asset's residual value is not included in this method.