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Management Accounting 1 Formulas
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Sum of the year's digit
Sum of the year's digit
(Purchase Price - Salvage Value) * Fraction
Fraction = remaining useful lifetime of an asset calculated by current/sum of the year's digits
Reducing Balance Method
Reducing Balance Method
1- (S/P) ^(1/n)
Contribution Margin
Contribution Margin
(Sales Price - Variable Cost Per Unit) * Quantity Sold
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