- Accelerated depreciation method, expense more in earlier years
- No salvage value (value of asset when used up) taken into account
- Logical if best use of asset is in earlier years of life
- Often used for tax purposes
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Learn financial accounting using beautifully illustrated flashcards, coordinated lessons, and rich audio. Whether you are an aspiring CPA or IFRS expert, use this accountancy app to reach your goals. Even an aspiring chartered accountant or those reaching for the CPA Australia can benefit. Topics of accounting standards, equation, terms, ratios, and more are covered.
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