Question

Reducing balance method is a lawful?true or false​

Answer 1

Answer:

False

Explanation:

This statement is false. Written down value method is also known as Diminishing Balance method. In this method, depreciation is calculated at a fixed percentage on the original cost in the first year.

Answer 2

Answer:

false

This statement is false. Written down value method is also known as Diminishing Balance method. In this method, depreciation is calculated at a fixed percentage on the original cost in the first year.