Question

Depreciation charged under diminishing method *
Increase every year
Decrease every year
Increase in one year and decrease another year
Same every year​

Answer 1

Answer:

According to the Diminishing Balance Method, depreciation is charged at a fixed percentage on the book value of the asset. ... Since the book value reduces every year, hence the amount of depreciation also reduces every year. Under this method, the value of the asset never reduces to zero.

Answer 2

Decreases every year