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Why does total assets decreased

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A company purchased a piece of equipment for $100,000 on Jan. 1. 2012. The estimated useful life is 10 years with no salvage value at the end of the 10-year period. The company used the straight-line method to depreciate this equipment in 2012. However, in 2013, the company decided to change the depreciation method to the double-declining method.

Question 1: Why does total assets decreased and do net income decreased because bigger right off of depreciation under double declining method, right?

Reference no: EM132601837

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