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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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