Question Details

The Accumulated Depreciation account represents a cash fund 



True or false:	
1.	The Accumulated Depreciation account represents a cash fund available to replace plant assets. 

	2.	In calculating depreciation, both plant asset cost and useful life are based on estimates. 

	3.	Using the units-of-activity method of depreciating factory equipment will generally result in more depreciation expense being recorded over the life of the asset than if the straight-line method had been used. 
	4.	Residual value is not subtracted from plant asset cost in determining depreciation expense under the declining-balance method of depreciation. 




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