Double Declining Balance Depreciation Is Used in the First Year

question 66

Multiple Choice

Double declining balance depreciation is used in the first year when straight line depreciation should be used.This error would cause:

• A)the period's net income to be overstated.
• B)the period's net income to be understated.
• C)the period end assets to be overstated.
• D)None of these is correct.

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