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What the depreciation expense using double-declining balance

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Reference no: EM132993689

Problem 1: Which of the following principles best describes the conceptual rationale for the methods of matching depreciation expense with revenues?

a) Associating cause and effect

b) Systematic and rational allocation

c) Immediate recognition

d) Partial recognition

Problem 2: A machine with a five-year estimated useful life and an estimated 10% salvage value was acquired on January 1, 2019. The depreciation expense for 2021 using the double-declining balance method would be original cost multiplied by?

a) 90% × 40% × 40%

b) 60% × 60% × 40%

c) 90% × 60% × 40%

d) 40% × 40%

Reference no: EM132993689

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