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Declining balance is an accelerated form of depreciation where the value of an asset 1. decreases more in early years of its effective life. II.

Declining balance is an accelerated form of depreciation where the value of an asset 1. decreases more in early years of its effective life. II. increases over the effective life. III. is depreciated for tax purposes. O II and III only. O I and II only. OI and III only. O I, II and III are all correct

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