(See related pages)
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| Depreciation terms Understand and use the basic terminology of depreciation. |
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| Straight line Apply the straight line model of depreciation. |
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| Declining balance Apply the declining balance and double declining balance models of depreciation. |
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| MACRS Apply the Modified Accelerated Cost Recovery System (MACRS) of depreciation for U.S. corporations. |
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| Recovery period Select the recovery period of an asset for MACRS depreciation. |
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| Depletion Utilize the cost depletion and percentage depletion methods for natural resource investments. |