1) False - The straight-line depreciation method and the double-declining-balance depreciation method do not produce the same book value each year. The straight-line method depreciates an asset equally over its useful life, while the double-declining-balance method depreciates an asset more in the early years of its life and less in the later years.

2) False - These two methods do not produce the same depreciation expense each year. The straight-line method results in a constant annual depreciation expense, while the double-declining-balance method results in a decreasing annual depreciation expense.

3) True - Despite the different depreciation patterns, both methods will result in the same total depreciation over an asset's useful life. This is because the total depreciation is based on the asset's cost and its residual value, not the method of depreciation.

4) False - While these are two common methods of depreciation, they are not the only acceptable methods for financial reporting. Other methods such as units of production method or sum of the years' digits method can also be used.

5) False - Both methods are acceptable for tax purposes, but the tax laws in many countries prefer the use of accelerated depreciation methods, like the double-declining-balance method, because they provide larger tax deductions in the early years of an asset's life. However, the choice of depreciation method for tax purposes can also depend on other factors, such as the nature of the asset and the specific tax regulations in a particular country.

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