Which statement below is TRUE of the straight-line method of depreciation?
A) It is a method that will provide higher amounts of depreciation expense in the early years of an asset's life and smaller amounts in the later years.
B) It is a method that results in unequal amounts of depreciation expense each year.
C) It is a method that is based upon the actual amounts of an asset used up each year, such as the number of miles a truck is driven.
D) It is a method that results in equal amounts of depreciation expense each year.
Question 2
An employee's total earnings are also known as ___________________ _.
Fill in the blank(s) with correct word