Accountancy, asked by ngill8604, 5 months ago

Diminishing balance method is also ​

Answers

Answered by alisha7160
5

Answer:

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Explanation:

According to the Diminishing Balance Method, depreciation is charged at a fixed percentage on the book value of the asset. As the book value reduces every year, it is also known as the Reducing Balance Method or Written-down Value Method.

Answered by diyaparikh
1

Answer:

According to the Diminishing Balance Method, depreciation is charged at a fixed percentage on the book value of the asset. As the book value reduces every year, it is also known as the Reducing Balance Method or Written-down Value Method.

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