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The following table shows the amount of revenue generated by three different companies over a three year period of time. Company Year 1 Year 2
The following table shows the amount of revenue generated by three different companies over a three year period of time.
Company | Year 1 | Year 2 | Year 3 |
Brown Company | 30,000 | 20,000 | 10,000 |
Jones Company | 20,000 | 20,000 | 20,000 |
Smith Company | 35,000 | 10,000 | 15,000 |
Based on this information alone Brown Company should depreciate its long-term assets using
Multiple Choice
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straight-line depreciation.
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double-declining-balance depreciation.
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units-of-production depreciation.
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first-in-first-out depreciation.
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