A company purchased a computer on July 1, 2015 for $50,000. Estimated useful life of the computer was 5 years and it has no residual value. Which of the following methods should be used to best match its expense against the revenue it produces?
the first-in, first-out method
the straight-line method
the double-declining-balance method
the units-of-production methodA company purchased a computer on July 1, 2015 for $50,000. Estimated usefullife of the computer was 5 years and it has no residual value. Which of thefollowing methods should be used to best…
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