Question

(C) State whether the following statements are true or false.
(4x1=4]
() In Straight Line method of depreciation, Depreciation amount are same every year
because it's calculated on original cost of assets.
(1) In Reducing Balance method of depreciation, Depreciation amount are same every
year because it's calculated on reducing value of assets.
(li) "A machinery R80000 purchased on credit from Mohit & Sons", Recorded in
purchase book
1​

Answer 1

i think both the answer is true

is that ok for you