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Which ONE of the following statements is generally NOT true? A. Accelerated tax deprecation for tax is generally greater than book depreciation in early years
Which ONE of the following statements is generally NOT true?
A. Accelerated tax deprecation for tax is generally greater than book depreciation in early years of asset life.
B. There are MANY depreciation methods.
C. The depreciation methods that recognize a large amount of depreciation in the later years of an asset's life are conservative.
D. The straight-line depreciation method recognizes depreciation in equal amounts over each year of the life of the asset.
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