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Which of the following statements is/are true? 1. Accelerated depreciation methods lead to lower expenses/higher incomes in the early years of the equipment's life. 11.

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Which of the following statements is/are true? 1. Accelerated depreciation methods lead to lower expenses/higher incomes in the early years of the equipment's life. 11. If a company uses straight-line depreciation for its tax records, it must also use straight-line depreciation for its financial records presented to investors. III. If I capitalize an item that should have been expensed, my cash flow from operations will be overstated and my cash flow from investing activities will decrease. Select one: a. All of the above are false. b. One of the above is True. C. Two of the above are True. d. All of the above are True

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