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buffy415 buffy415
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6 years ago
The salvage value is deducted when calculating the double-declining-balance method of depreciation.
  Indicate whether the statement is true or false

Q. 2

The depreciable amount is always equal to the cost of the asset minus salvage value.
  Indicate whether the statement is true or false

Q. 3

When adding all annual depreciation, the total should not equal the original cost of the item.
  Indicate whether the statement is true or false

Q. 4

Full Depreciation is the total amount of depreciation used from the date the asset was purchased to the present date.
  Indicate whether the statement is true or false

Q. 5

The double-declining-balance method of depreciation requires that you double the straight-line rate.
  Indicate whether the statement is true or false
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ErnestoSihombinErnestoSihombin
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6 years ago
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buffy415 Author
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#2
6 years ago
Electric Light Bulb All of these are right, thanks!
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