definition of diminishing balance method?
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A fixed percentage of the
diminishing value of the asset is written off each year so as to reduce the asset to
its salvage value at the end of its life.
This method is highly recommended mainly for manufacturing units though it is
recommended for most of the enterprises. In this method the depreciation will refuse yearly.
diminishing value of the asset is written off each year so as to reduce the asset to
its salvage value at the end of its life.
This method is highly recommended mainly for manufacturing units though it is
recommended for most of the enterprises. In this method the depreciation will refuse yearly.
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