Question Statement:
Which of the following statements regarding farm machinery depreciation methods is/are correct?
Options:
- (A) The straight-line method assumes a uniform annual depreciation amount throughout the useful life of the machine.
- (B) The declining balance method allocates higher depreciation in the initial years and progressively smaller depreciation in later years.
- (C) In the straight-line method, annual depreciation is given by $D = (C - S)/L$, where $C$ is purchase cost, $S$ is salvage value, and $L$ is lifespan.
- (D) The sum-of-the-years-digits method results in the lowest depreciation during the very first year of machine ownership.