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Which is true about double-declining method for depreciation

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Reference no: EM132570307

Question 1: Which of the following is true about the double-declining method for depreciation?

A. Produces the same amount of annual depreciation each year.

B. Does not subtract residual value from cost when calculating annual depreciation.

C. Estimates service life in units of output.

D. Only used for tax purposes.

Reference no: EM132570307

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