for loose tools which method of depreciation is used?
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Depreciation = Value of asset at the end – Value of asset at the beginning + Any new purchases
Explain renewal method to calculate depreciation.
In this method the full cost of the asset is charged as depreciation during the period in which the asset is renewed. No depreciation is charged in between the period. This method can be used if the asset is of small value and is renewed frequently.
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Explain renewal method to calculate depreciation.
In this method the full cost of the asset is charged as depreciation during the period in which the asset is renewed. No depreciation is charged in between the period. This method can be used if the asset is of small value and is renewed frequently.
PLEASE GIVE ME THE BRAINLIEST ANSWER!!!!!!!!
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