Which among the following is false about diminishing balance method-

The amount of depreciation is high in the initial years

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Depreciation is always calculated on the original cost of the asset

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The value of the asset cannot be reduced to exactly zero

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Cost of depreciation varies every year

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Solution

The correct option is B
Depreciation is always calculated on the original cost of the asset

Depreciation is always calculated on the original cost of the asset is false.

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Which among the following is false about diminishing balance method-

The correct option is B Depreciation is always calculated on the original cost of the asset Depreciation is always calculated on the original cost of the asset is false.

The correct option is B
Depreciation is always calculated on the original cost of the asset

Depreciation is always calculated on the original cost of the asset is false.