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In reconciling a bank statement, the bank balance is $1,800 and the chequebook balance is $1,205. Which of the following is the MOST probable reason why the bank balance is larger than the book balance?
Straight-Line Depreciation
A method of calculating the depreciation of an asset which assumes the asset will lose an equal amount of value each year over its useful life.
Tax Rate
The percentage at which an individual or corporation is taxed by the government on their income or profits.
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