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26. A plant asset has a cost of $32,000 and a salvage value of $8,000. The asset has a three-year life. If depreciation in the
26. A plant asset has a cost of $32,000 and a salvage value of $8,000. The asset has a three-year life. If depreciation in the third year amounted to $4,000, which depreciation method was used? A) Declining-balance B) Sum-of-the-years'-digits C) Cannot tell from information given D) Straight-line
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
