A diminishing balance method of providing for depreciation is one according to which ______________.

The amount on which depreciation is provided is reduced from year to year

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The rate per cent and also the amount are reduced from year to year

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The rate per cent at which depreciation is written of goes on declining from year to year

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None of the above

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Solution

The correct option is A The amount on which depreciation is provided is reduced from year to year
WDV /Diminishing balance method of providing for depreciation is one according to which - the amount on which depreciation is provided is reduced from year to year.

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A diminishing balance method of providing for depreciation is one according to which ______________.

The correct option is A The amount on which depreciation is provided is reduced from year to yearWDV /Diminishing balance method of providing for depreciation is one according to which - the amount on which depreciation is provided is reduced from year to year.

The correct option is A The amount on which depreciation is provided is reduced from year to year
WDV /Diminishing balance method of providing for depreciation is one according to which - the amount on which depreciation is provided is reduced from year to year.