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1. Which of the following is not needed to calculate annual straight-line depreciation? a. fair value one year after acquisition b. cost of the asset

1. Which of the following is not needed to calculate annual straight-line depreciation?

a. fair value one year after acquisition

b. cost of the asset

c. estimated useful life

d. estimated salvage value

2. Depreciation methods which take larger amounts of depreciation in the early years of an asset's useful life are referred to as

a. accelerated

b. aggressive

c, cost based

d. unauthorized

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