Answer: Declining-balance
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Which of the following methods will result in the highest depreciation in the first year?
Which of the following methods will result in the highest depreciation in the first year? Declining-balance . On January 1 a machine with a useful life of four years and a residual value of $12 000 was purchased for $60 000.
a method of accounting for bad debts that involves estimating uncollectible accounts at the end of each period cash ( net ) value is the net amount a company expects to receive in cash from receivables
Which of the following methods will result in the highest depreciation in the first year 1. Sum-of-years-digits 2 . Time valuation 3 . Straight-line 4 . Declining-balance ?
all methods result in the same total depreciation equipment originally costing $100 000 has accumulated depreciation of $65 000 . if sold for $40 000 the com pang should record a gain of 5 000
as per accounting standards issued by icai depreciation can be charged by following two methods 1) straight line method 2)written down value method but as per income tax act depreciation is allowed ...
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