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Surfers SG is a privately listed company, and it has purchased construction machinery in 2019. They are interested on the impact that double declining depreciation

Surfers SG is a privately listed company, and it has purchased construction machinery in 2019. They are interested on the impact that double declining depreciation will have on the income statement and balance sheet compared to straight-line depreciation.

Outline the impact of the double declining method compared to the straight-line method on the income statement and balance sheet (Use ratios to provide justification).

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