Describe how estimated residual value and estimated useful life are used in the calculation of depreciation under

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Describe how estimated residual value and estimated useful life are used in the calculation of depreciation under the following methods: straight-line, units-of-production, and diminishing-balance.

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Understanding Financial Accounting

ISBN: 978-1118849385

1st Canadian Edition

Authors: Christopher Burnley, Robert Hoskin, Maureen Fizzell, Donald

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Question Posted: Jun 11, 2015 10:00 AM

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Describe how estimated residual value and estimated useful life are used in the calculation of depreciation under

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Estimated residual value and estimated useful life are used directly in the straightline method The estimated residual value is subtracted from the or...View the full answer

Understanding Financial Accounting

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