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1. Briefly identify each of the three major methods of calculating depreciation (Straight-Line, Double Declining Balance, Units of Production). Why would that company choose one
1. Briefly identify each of the three major methods of calculating depreciation (Straight-Line, Double Declining Balance, Units of Production). Why would that company choose one method over another? 2. Define "cost of goods sold" and "gross profit" and "net income"
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