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Laura Co. purchased an asset on January 1, 2019. Laura chose the straight-line method to depreciate the asset. Had Laura chosen an diminishing balance
Laura Co. purchased an asset on January 1, 2019. Laura chose the straight-line method to depreciate the asset. Had Laura chosen an diminishing balance depreciation method, which of the following would be true? Depreciation expense would be greater in 2019. No change would take place. Net income would be less in 2019. The carrying value of the asset would be less at the end of 2019.
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