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Explain in WORDS (no T-accounts needed but you can exemplify with T-accounts). What method/s and depreciation time/s would you choose to depreciate two non-current assets:
Explain in WORDS (no T-accounts needed but you can exemplify with T-accounts). What method/s and depreciation time/s would you choose to depreciate two non-current assets: a framed painting for the conference room bought for (20 000 SEK) and a welding machine for the work shop (60 000 SEK)? Why would you prefer the chosen method and depreciation time for each of these two assets? Discuss different options that you would choose and not choose.
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