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Which describes the double-declining balance depreciation method?
- Estimated salvage value is greater at the end of the assets’ useful life than with straight-line depreciation.
- It yields reports of higher income in the early years and lower income later on.
- This method decreases the useful life of the asset and disposal costs by half.
- The depreciation expense is larger in the first few years and gets smaller as time goes on.
- Estimated salvage value is greater at the end of the assets’ useful life than with straight-line depreciation.
- It yields reports of higher income in the early years and lower income later on.
- This method decreases the useful life of the asset and disposal costs by half.
- The depreciation expense is larger in the first few years and gets smaller as time goes on.
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