153. Contrast the effects of the straight-line, declining-balance, and activity-based depreciation methods on annual depreciation expense. 154. Which depreciation method is most common for...

153. Contrast the effects of the straight-line, declining-balance, and activity-based depreciation methods on annual depreciation expense.

154. Which depreciation method is most common for financial reporting? Which depreciation method is most common for tax reporting? Why do companies choose these methods?