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The amortization method and double-declining-balance method are both accelerated amortizat

The amortization method and double-declining-balance method are both accelerated amortization methods.

31) The units-of-production method does not take into account the passage of time.

32) To calculate the double-declining-balance rate, you would divide 2 by the number of years of useful life.

33) Net income is affected by the amortization method used.

34) The straight-line method of amortization allocates the cost evenly over the useful life of the asset.

35) To calculate double-declining-balance method, determining residual value is the first step.

36) The Sum-of-the-Years'-Digits method of amortization has a large number of practitioners in Canada.

Dec 07 2019 View more View Less

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