difference between straight line mathod and written down value mathod for fixed assets chart as on company act
Basis of Difference | Straight Line Method | Diminishing Balance Method |
Fixed Assets Chart | It is charged on those fixed assets which have lesser possibility of obsolesces. Like; copyright, patents, Land and Building. |
It is charged on those assets which needs more repair and maintenance in the later years. Like; Plant and Machinery, Car etc. |