depreciation Flashcards - Flashcard Exchange

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amount paid plus taxes, shipping and other cost for putting into operation is the definition of	acquisition cost
length of time the pharmacy intends to use the asset is the definition of?	useful life
estimate of how much the asset will be worth at the end of its useful life is the definition of	residual or salvage value
What are the 3 methods of calculating depreciation	straight line method sum of years digits double declining balance
this method assumes assets wear out at a constant rate	straight line method
These two methods are accelerated methods of depreciation - assets lose more value early in life	sum of years digits double declining balance

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