CameraIcon

SearchIcon

MyQuestionIcon

1

You visited us 1 times! Enjoying our articles? Unlock Full Access!

Cash Flow from Operating Activities-Indirect Method

Double-declin...

Question

Double-declining method is often used in ________.

A

Singapore

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

B

South Africa

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

C

Japan

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

D

India

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

Open in App

Solution

The correct option is C India
Double-Declining Method is also popularly known as reducing Balance Method. Under this method, Depreciation is charged on the reduced balance of the assets.

Suggest Corrections

thumbs-up

0

Similar questions

Q. Chetan International Ltd. acquired a machine costing Rs.

50, 000

having estimate useful life of 5 years. The expected salvage value of the machine after 5 years is Rs.

5, 000

. Calculate rate of depreciation according to Double Declining Method.

Q. A parallel port is most often used by a-

Q. Under which of the following method depreciation charged does not declines?
(i) Insurance policy method
(ii) Double decline method
(iii) Annuity method

(iv) Depletion unit method
(v) Depreciation fund method
The correct answer is -

Q. Double entry system is a scientific method of book keeping.

Q. To access a mainframe or supercomputer ,users often use a-

View More

Join BYJU'S Learning Program

similar_icon

Related Videos

lock

Indirect Method

ACCOUNTANCY

Watch in App

explore_more_icon

Explore more

Cash Flow from Operating Activities-Indirect Method

Standard XII Accountancy

Join BYJU'S Learning Program

CrossIcon