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When calculating declining balance depreciation, the straight-line rate was used instead of the double the straight-line rate. In the first year of ownership, this error
When calculating declining balance depreciation, the straight-line rate was used instead of the double the straight-line rate. In the first year of ownership, this error would cause: a)the periods net income will be understated b)the period end assets will be understated c)the periods net income will be overstated d)none of these are correct
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