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Assignment on Financial Accounting - Research Paper Example

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Since, depreciation is charged to the profit of an organization; hence the higher the depreciation expense, the lesser will be the net income. As seen from above, the depreciation for year 1 using double declining balance method is $50,000 whereas it is $22,500 using straight line method; hence, the straight line method will result in the greatest income for the year ending December 31, 2005.
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Assignment on Financial Accounting essay example
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