Other name of straight line basis of depreciation is ___________________.

Reducing depreciation

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Diminishing balance method

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Written down value method

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None of the above

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Solution

The correct option is D None of the above
Straight line method of depreciation - Under straight line method, a fixed and equal amount of depreciation, calculated at a fixed percentage on the original cost of a fixed depreciable asset is written off during each accounting period over the expected useful life of the asset.
Straight line method of depreciation can also be called as fixed installment method of depreciation.

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