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Which of the following statements are true regarding the calculation of double declining balance? (Choose 2) Double declining balance is basically a two-step process Residual

Which of the following statements are true regarding the calculation of double declining balance? (Choose 2)

Double declining balance is basically a two-step process

Residual value is not included in the calculation

Residual value is included in the calculation

During the last year of the asset life, the depreciation is taken down to and no further than the residual life

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