Final answer:
The statement is true; the First Year Write Off can indeed vary due to changes in tax laws and depreciation methods over time.
Step-by-step explanation:
The statement that the First Year Write Off is not always the same and has been considerably lower in the past is true. Tax laws and depreciation methods can change over time, which affects how much can be written off in the first year. This is particularly relevant to businesses when it comes to accounting and tax preparation.
For example, legislation such as the Tax Cuts and Jobs Act has impacted the rules around depreciation and expensing, leading to variations in the first-year write-off amounts.