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When depreciation is computed for partial periods under a decreasing charge depreciation method, it is necessary to

a. charge a full year's depreciation to the year of acquisition.

b. determine depreciation expense for the full year and then prorate the expense between the two periods involved.

c. use the straight-line method for the year in which the asset is sold or otherwise disposed of.

d. use a salvage value equal to the first year's partial depreciation charge.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9413245

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