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Financial Statement Effects of Depreciation Methods : A company uses the straight-line method and the double-declining balance method for depreciating its assets. Analyze the impact

Financial Statement Effects of Depreciation Methods: A company uses the straight-line method and the double-declining balance method for depreciating its assets. Analyze the impact of different depreciation methods on the company's financial statements, including the income statement, balance sheet, and statement of cash flows. Discuss the advantages and disadvantages of each depreciation method in reflecting asset consumption and financial performance.

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