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Accounting Test 4
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Methods of Depreciation
1. Straight-Line
2. Declining Balance
3. Units of Activity
Straight-Line Method of Depreciation
Basis - Salvage Val
u
e
= Depreciation Expense
Useful Life
Declining Balance Method of Depreciation
Basis - Accumulated Depreciation
X 2 = Depreciation Expense
Useful Life
Units of Activity Method of Depreciation
1.
Basis - Salvage Value
= Cost per unit of activity
Units of Activity
2. (current year's activity) x Cost per unit of activity = Depreciation Expense
Author
patsknits
ID
1068
Card Set
Accounting Test 4
Description
Chapters 9 - 13
Updated
2009-11-18T12:26:30Z
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