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1. How the declining balance method is calculated. What kind of assets is the units-of-activity method of depreciation suited for? Explain. 2. Identify types of

1. How the declining balance method is calculated. What kind of assets is the units-of-activity method of depreciation suited for? Explain.

2. Identify types of accruals and discuss the adjusting entry for each. What happens if the adjusting entry is not made? Explain.

3. Explain the phases of the product life cycle. How is a companys cash flow affected by each phase in the products life cycle?

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