Examlex
Which of the following statements are correct? The correct answers are A and B. A confession can be made to any person, they are all subject to the test of admissibility under S76. If a confession is not made by the accussed, then it is inadmissible. See R v Ward.
Service Life
The expected period during which an asset is considered useful and productive in a business operation, also known as useful life.
Units-Of-Production
A depreciation method that allocates the cost of an asset based on its usage, production, or units of output over its useful life.
Double-Declining-Balance
A method of accelerated depreciation that applies a constant rate of depreciation to a declining book value, resulting in higher depreciation expense in the early years of the asset's life.
Straight-Line
A method of depreciation that allocates the cost of an asset evenly over its useful life, reflecting a constant rate of expense over each period.
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