Describe the double declining balance

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Reference no: EM131499189

Question: 1. A hotel shows office supplies such as stationery on its balance sheet as a $500 asset, even though to any other hotel these supplies might have a value only as scrap paper. Which accounting principle or concept justifies this?

2. Describe the double declining balance and the sum of the years' digits depreciation equations.

Reference no: EM131499189

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