Largest gain on the sale of the plant asset


A plant asset with a five-year estimated useful life and no residual value is sold at the end of the second year of its useful life for a gain. Assume that the asset had produced 4/5 of its total production prior to being sold. Which depreciation method would result in the largest gain on the sale of the plant asset?

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Accounting Basics: Largest gain on the sale of the plant asset
Reference No:- TGS084949

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