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Discuss the benefit and shortcomings of straight line mwthod

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Prabhjoth want to start a pizza business and buys an oven for $50,000, purchased on 1/1/18 with a useful life of 5 years.

Question (a) Using a straight line method calculate the depreciation

Question (b) Discuss the benefits and shortcomings of the straight line method of depreciation

Question (c) Demonstrate the journal entry postings for the equipment and depreciation

Reference no: EM132690646

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