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26. A plant asset has a cost of $32,000 and a sal...

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Question

26. A plant asset has a cost of $32,000 and a salvage value of $8,000. The asset has a three-year life. If depreciation in the third year amounted to $4,000, which depreciation method was used? A) Declining-balance B) Sum-of-the-years'-digits C) Cannot tell from information given D) Straight-line

 

Paper#11365 | Written in 18-Jul-2015

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