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Your company purchased a substantial amount of machinery and you are consulting with your accounting department on the depreciation method they will use. You are
Your company purchased a substantial amount of machinery and you are consulting with your accounting department on the depreciation method they will use. You are suggesting double-declining balance but they are recommending straight-line depreciation. If you take their recommendation, then as a result, net income this year will be:
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Net Income will be higher.
Net Income will not be affected.
Net Income will be lower.
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