Analysing Comparative Statement of Profit and Loss
In which depr...
Question
In which depreciation method Depreciation remains constant?
A
Reducing balance method
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B
Balance sheet
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C
Depreciation method
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D
None of these
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Solution
The correct option is C Reducing balance method Reducing balance depreciation – also known as declining balance depreciation or diminishing balance depreciation – is a method of calculating depreciation whereby an asset is expenses at a set percentage.