MCQOPTIONS
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| 1. |
Which method depreciation is most appropriate for the entity to compute depreciation for the significant parts of the aircraft? |
| A. | Straight line method for all parts |
| B. | Unit production method based on air miles flown for the jet engines and SLM method for all other parts. |
| C. | Diminishing balance method for all parts |
| D. | None of the above |
| Answer» C. Diminishing balance method for all parts | |