Economy, asked by karma5247, 11 months ago

Distinguish between straight line method and diminishing balance method of depreciation

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Answered by tanya14323

6

Difference between Straight Line Method and Diminishing Balance ... The Diminishing Balance Method is also known as Reducing Installment Method or Written Down Value Method or Declining Balance Method. In this method, The depreciation is calculated at a certain percentage each year on the value of the asset which is brought forward from the previous year. mark me as brainleast

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