Which of the following will maximize net income by minimizing depreciation expense in the first year of the asset$$s life?

Multiple Choice

Long service life, high residual value, and double$-$declining$-$balance depreciation.

Short service life, high residual value, and straight$-$line depreciation.

Long service life, high residual value, and straight$-$line depreciation.

Short service life, low residual value, and double$-$declining$-$balance depreciation.