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In the Past How Could a Cutter Unintentionally Depreciate a Diamonds Value  Form

In the Past How Could a Cutter Unintentionally Depreciate a Diamonds Value Form

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this is a lecture from open tuition to benefit from the lecture you should download the free lecture notes from opentuition.com so let's go through and have a look at how depreciation fits into the equation I think we're all quite happy uh at least we should be from the certificate level uh that that we have two ways of depreciating an asset is that they're straight line and reducing balance wasn't it okay remember with with regards to was it your straight line uh you took your cost less the residual value and then divided it by the the useful economic life didn't we and then for the the reducing balance uh you took your carrying value and then multiplied it by percentage wasn't he okay the straight line uh match the depreciation to the benefits that we got so the benefits being the equal benefits each year and therefore equal depreciation charges each year whereby then reducing balance was whereby we got more benefits earlier in the asse

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