Solved: Why do we have various methods of depreciation isnt that, Accounting Basics

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Why do we have various methods of depreciation isnt that

1. Is it true that the higher the depreciation, the lower the net income? If that is the case, why would we not want the lowest depreciation method so we can show the highest net income?

2. Why do we have various methods of depreciation? Isn't that encouraging misleading results?

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Accounting Basics: Why do we have various methods of depreciation isnt that

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