Assertion :Under diminishing balance method of depreciation, the charge for depreciation keeps on diminishing year after year in all subsequent years. Reason: Under diminishing balance method, the rate per cent at which depreciation is written off goes on diminishing year after year in all subsequent years.

Both Assertion and Reason are correct and Reason is the correct explanation for Assertion

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Both Assertion and Reason are correct but Reason is not the correct explanation for Assertion

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Assertion is correct but Reason is incorrect

Right on! Give the BNAT exam to get a 100% scholarship for BYJUS courses

Assertion is incorrect but Reason is correct

No worries! We‘ve got your back. Try BYJU‘S free classes today!

Open in App

Solution

The correct option is C Assertion is correct but Reason is incorrect
Under Diminishing balance method, the amount of depreciation charged on assets is high in firstly year then it keeps on reducing because depreciation is being charged on the reduced value of the asset.

Suggest Corrections

Similar questions

H_{2}

H e

(1 + \frac{P b}{R T})

H_{2}

H e

Assertion: All the points (1, 0), (-1, 0), (2, 0) and (5, 0) lie on the x – axis.
Reason: Equation of the x-axis is y = 0

Choose the correct option.

{2n}^{2}

Assertion – The non-fusible impurities present in iron ore are removed by $C a C O_{3}$ .

Reason: $C a C O_{3}$ which decomposes into $C a O$ and $C O_{2}$ . The $C a O$ formed reacts with $S i O_{2}$ to remove silica

{SiO}_{2}

{CaCO}_{3}

CaO

{CaCO}_{3}

{SiO}_{2}

Join BYJU'S Learning Program