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Bubbles, Inc. purchased an asset on January 1. Bubba chose the straight-line method to depreciate the asset. Had Bubba chosen double-declining balance depreciation expense would
Bubbles, Inc. purchased an asset on January 1. Bubba chose the straight-line method to depreciate the asset. Had Bubba chosen double-declining balance
depreciation expense would be less in year 1. | ||
the book value of the asset would be less at the end of year 1. | ||
net income would be greater in year 1. | ||
All of the above are correct. |
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