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There’s quite a lot of depreciation strategies used to allocate the price of an asset to all the accounting durations benefited by way of the asset. Your shopper has simply bought a bit of kit for $100,000. Clarify the idea of depreciation. Which of the next depreciation strategies would you suggest: straight-line depreciation, double declining steadiness technique, or an alternate technique?
Guided Response:
Let at the least two of your friends know if an organization would use an accelerated depreciation technique for his or her monetary statements or their tax returns. Why do you consider this may be the case?
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