Which of the following will maximize net income by minimizing depreciation expense in the first year of the asset’s life? a. Short service life, high residual value, and straightline depreciation.b. Long service life, high residual value, and straightline depreciation.c. Short service life, low residual value, and doubledeclining- balance depreciation.d. Long service life, high residual value, and doubledeclining- balance depreciation.

Question

Which of the following will maximize net income by minimizing depreciation expense in the first year of the asset’s life?
a. Short service life, high residual value, and straightline depreciation.
b. Long service life, high residual value, and straightline depreciation.
c. Short service life, low residual value, and doubledeclining- balance depreciation.
d. Long service life, high residual value, and doubledeclining- balance depreciation.

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