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H3Ko H3Ko
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7 years ago
Which of the following is the correct formula for calculating depreciation under the straight-line method?
A) Straight-line depreciation = (Cost + Residual value) / Useful life
B) Straight-line depreciation = (Cost - Residual value) / Useful life
C) Straight-line depreciation = (Cost - Residual value) × Useful life
D) Straight-line depreciation = (Cost + Residual value) × Useful life
Textbook 
Horngren's Financial & Managerial Accounting, The Financial Chapters

Horngren's Financial & Managerial Accounting, The Financial Chapters


Edition: 5th
Authors:
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Mrgo-breedMrgo-breed
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7 years ago
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H3Ko Author
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#2
7 years ago
YES! Can't believe I got this one right. Appreciate the confirmation
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#3
7 years ago
I'm liking this Slight Smile
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