Question

Difference between straight line method and diminishing balance method

Answer 1

Answer:

Under Straight Line Method, the profits earned on the asset during the earlier years of the asset is higher because of the less maintenance and repair costs. Under Diminishing Balance Method, the profits earned on the asset during the earlier is less when compared to later years......

Answer 2

$\huge\star\underline\mathfrak\red{Answer:-}$

Under Straight Line Method, the profits earned on the asset during the earlier years of the asset is higher because of the less maintenance and repair costs. Under Diminishing Balance Method, the profits earned on the asset during the earlier is less when compared to later years.