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QUESTION 4 Which of the following methods of depreciation assumes an equal expense is...

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Accounting

QUESTION 4
Which of the following methods of depreciation assumes an equal expense is recognized each year of an asset's useful life?
Straight-line depreciation
Double-declining balance depreciation
Units-of-production depreciation
Sum-of-years'-digits depreciation
QUESTION 5
The accumulated depreciation of a fixed asset represents:
The total cost of the asset
The annual depreciation expense recognized on the asset
The remaining book value of the asset
The total depreciation expense recognized on the asset over its useful life
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