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Using the double-declining method instead of the straight-line method for calculating depreciation will result in...

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Accounting

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Using the double-declining method instead of the straight-line method for calculating depreciation will result in which of the following effects on the financial statements? Higher depreciation expense in the earlier years of the useful life Higher total assets on the balance sheet in the earlier years of the useful life Higher net income for the early years of the useful life No effect because both methods result in the same total depreciation expense

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