An asset's book value or carrying value is its:
cost minus accumulated depreciation.
cost minus salvage or residual value.
cost minus salvage or residual value and accumulated depreciation.
accumulated depreciation.
The straight-line depreciation method:
reports an equal amount of depreciation expense each year.
reports a higher amount of depreciation expense in the early years of an asset's use.
reports more depreciation expense in a year when an asset is heavily used and less in a year when the asset is hardly used at all.
can be used only by small companies.