With regard to depreciation and income taxes, which of the following statements is not true? When calculating taxable income, the taxpayer must choose the method that best reflects the pattern in which the asset's future economic benefits are consumed. When calculating taxable income, the taxpayer must use the diminishing-balance method for most assets. When calculating taxable income, the amount of depreciation calculated for income tax purposes must be deducted, rather than the amount of depreciation calculated for financial reporting purposes. When calculating taxable income, the taxpayer must use the rate set by Canada Revenue Agency