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Question
assume a fixed asset cost of $10,000 and a useful life of five years. in commencing to compute double-declining depreciation, the double-declining factor is computed as follows: first the $10,000 cost of the fixed asset is divided by the assets useful life of five years to equal 20%, or a factor of .20 .
next multiply the factor of .20 by what amount to arrive at the proper double-declining factor?
a multiply by ten percent
b multiply by one-and-one-half
c multiply by two
d none of the above
Answer
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