Which statement is true concerning the straight-line method of depreciation?
a. Depreciation does not take salvage value into consideration
b. Purchase cost is expensed in the year of acquisition
c. Depreciation is recognized evenly over the estimated useful life of the asset
d. Depreciation is equal to the proceeds received on sale less the amount paid to acquire the asset
Ans: c. Depreciation is recognized evenly over the estimated useful life of the asset
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A. It must be approved. B. It defines only the responsibilities of team members. C. It defines responsibilities for all project tasks. D. It describes project dependencies.
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Indicate whether the statement is true or false