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Which of following statements about straight-line and double-declining balance depreciation methods is correct? Straight-line method ignores residual value when calculate depreciation expenses. Using double-declining balance

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Which of following statements about straight-line and double-declining balance depreciation methods is correct? Straight-line method ignores residual value when calculate depreciation expenses. Using double-declining balance depreciation methods, depreciation expenses are same every year Income taxes paid will always be lower under the double-declining balance method None of the above

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