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Accounting theory and practice, Volume 2 (of 3)

Note 40 — Chapter XI · RECORDING DEPRECIATION ON THE BOOKS

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Dollar-years, column (f), is the product of the total invested values as shown in column (e), and the life of each group as shown by column (b). Thus, $400,000 invested for 5 years is the equivalent of $2,000,000 invested for 1 year.

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