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a. Declining Balance Method. b. Sum of the Years' Digit Method. c. Straight Line Method d. Does not matter which method is used.
Big companies and startups alike sometimes operate at a loss. Both YouTube and Tesla for example have been operating at a net loss for years. What are some of the key tip ... Voir Plus
While profit and gain will contribute to the income of the company, profit arises from the normal course or operation of the company while gain are only incidental or per ... Voir Plus
Following any type of Depreciation Method, the Difference between the purchase purchase and depreciated price need be considered as "Notional Loss" for accounti ... Voir Plus
b. Sum of the Years' Digit Method.
Unlike a balance sheet, which communicates information about a point in time, the income statement relate to a period of time.The income statement summaries certain tran ... Voir Plus
Income Statement is important to quantify the return of your Investment/Capital. It is one of the best Report to give you a clear picture to continue or ceased the Operat ... Voir Plus
Agree with the answers good answers