Accounting essay. Discuss these 3 depreciation methods (straight-line method, units of production method, and double declining balance method). How do you calculate depreciation using these methods? Why should a business select a particular one? Which type of depreciation method will benefit which types of business? What are the effects on net income of each of these methods? What are the tax effects on a business that chooses these methods? (For example, if equipment is being used more in first years and less in later years, straight line depreciation method would overstate net income for first years and you’d lose more money in taxes).

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