Question

What depreciation method is used for buildings?

Answer 1

For calculating depreciation of the building, following depreciation methods can be used:

1. Straight line
2. Double declining
3. Sum of years digits

Also read:

• True and False Questions on Depreciation
• What Is Depreciation
• MCQs on Depreciation
• What Is a Fixed Asset
• MCQs on Goodwill

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