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What is the difference between reducing balance method depreciation and straight line depreciation?

The other names for reducing balance methods are declining balance and diminishing balance. In this particular type of depreciation, a flat rate of depreciation...

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What is depreciation? Why is its calculation necessary? Give an example of straight line depreciation.

According to international accounting standards, depreciation is the allocation of the cost of non-current assets over its useful life. For example, you have pu...

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