Which one of the following financial statement components is shown in a balance sheet? Select one: O Accumulated depreciation Sales revenue Depreciation expense Rent income Under the reducing-balance method, depreciation expense: Select one: Decreases every year Increases every year Remains constant every year Follows no specific pattern Which one of the following statements is correct about the reducing-balance depreciation method? Select one: O More depreciation expense in the early years and less depreciation expense in later years of asset's life O Less depreciation expense in the early years and more depreciation expense in later years of asset's life O Equal depreciation expense for each year of asset's life O None of the statements are correct