With the class divided into three groups, each group should be assigned one of these depreciation methods:
Question:
With the class divided into three groups, each group should be assigned one of these depreciation methods: straight-line, units-of-activity, declining-balance.
\section*{Instructions}
(a) Think of an example that would use the assigned depreciation method. Calculate depreciation for the first 2 years of useful life.
(b) Present your example to the class. Include necessary journal entries.
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Related Book For
Financial Accounting Tools For Business Decision Making
ISBN: 9780471169192
1st Edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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