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You are a manager at Canadian Tire. On January 1st,2011, the company purchased some equipment for $44,000. The useful life of this equipment is 10
You are a manager at Canadian Tire. On January 1st,2011, the company purchased some equipment for $44,000. The useful life of this equipment is 10 years or yet of 750,000 production units. Your assistant has provided the annual amortization as well as the cumulative amortization according to three different amortization methods. You will find below a copy of your assistant's memorandum: However, your assistant forgot to mention which method he used to calculate the amortization. Which amortization method was used for each of the above tables? A. Method A B. Method B C. Method C 1. Straight-line amortization 2. Declining balance 3. Amortization depending on the production units
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