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Question
If the total charge of depreciation and maintenance is considered as the method which would provide a uniform charge is?
If the total charge of depreciation and maintenance is considered as the method which would provide a uniform charge is?
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Solution
The correct option is C Straight line method
Straight line method
of depreciation charges uniform or equal amount of depreciation every year on
the fixed assets. Under this method, the original cost less residual value of
the asset is distributed over the estimated useful life of the asset.
Thus, at the
end of the useful life of the asset , the value of the asset becomes Nil in the
books of accounts.
Straight line method of depreciation charges uniform or equal amount of depreciation every year on the fixed assets. Under this method, the original cost less residual value of the asset is distributed over the estimated useful life of the asset.
Thus, at the end of the useful life of the asset , the value of the asset becomes Nil in the books of accounts.
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