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True or False Normal shortages (such as spoilage and theft) reduce the retail amount used to calculate the cost-to-retail percentage. T/F As a planned depreciation

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Normal shortages (such as spoilage and theft) reduce the retail amount used to calculate the cost-to-retail percentage. T/F

As a planned depreciation schedule, a company may use double-declining-balance depreciation for approximately the first half of an assets service life and then switch to the straight-line method for the remaining life of the asset. T/F

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