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1. Which method of depreciation, from parts 1-3, would result in the largest net income in the first year for Watkins Production? Explain your reasoning?

1. Which method of depreciation, from parts 1-3, would result in the largest net income in the first year for Watkins Production? Explain your reasoning? 2. Which method of depreciation, from part 1-3, would results in the largest net income over the entire 5 years? Explain your reasoning ? 3. Explain what GAAP principle(s) requires that depreciation be accounted for.

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