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Question 29 Which of the following is true about the double-declining method for depreciation? O Estimates service life in units of output. O Does

Question 29 Which of the following is true about the double-declining method for depreciation? O Estimates service life in units of output. O Does not subtract residual value from cost when calculating annual depreciation. O Produces the same amount of annual depreciation. O Only used for tax purposes.

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