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Principles & Practice of Accounting

Ch 3 · Depreciation Accounting

5 concept points · 4 formulas · 4 exam-critical points.

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Concept
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Chart Summary
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Formula Sheet
Important Points

🗺️ Chart summary

Cost of Asset
       |
       v
   Less: Residual Value
       |
       v
   Depreciable Amount
       |
       +---> SLM: equal per year
       +---> WDV: % on book value

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