Question

frequent changes in the methods of depreciation should be avoided-identify the accounting principle​

Answer 1

Answer:

Consistancy Principle

Explanation:

According to this principle, the same accounting principles and practices should be followed every year. This also makes comparing previous year's result with this year's result easier. (Result = Profit/Loss)

Answer 2

Answer:

✠ Frequent changes in the methods of depreciation should be avoided :-

➥ Constant Principle.

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✰ Extra Information for General Knowledge :

✬ Depreciation :

• The monetary value of an asset decrease over time due to use , wear and tear or obsolescence . This decrease is measured as depreciation .

✯︎ Various Depreciation Methods :

1. Straight Line Depreciation Method
2. Diminishing Balance Method
3. Sum of Years' Digits Method
4. Double Declining Balance Method