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2 Cards in this Set
- Front
- Back
- 3rd side (hint)
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How does double declining method work?
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- It represent the double of straight line.
- It does not take into consideration salvage value. - Asset can not be depreciated below its salvaga value. |
2225.10
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How does the group-composite depreciation method work?
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- It uses "totals" for cost, depreciable base, and annual depreciation.
- It calculates composite dep rate (dep xps/cost) - It calculates a composite life (dep base/dep xps) |
2225.15
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