Question

Straight Line Method of depreciation is that method under which

1. Depreciation is charged at a fixed percentage on the book value

of the asset.

2. Depreciation is charged at a fixed percentage on the original cost

of the asset.

3. Depreciation is charged on original cost of asset but the

depreciation rate changes.

4. Non of the above.
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Answer 1

Answer:

2) Depreciation is charged at a fixed percentage on the original cost of the asset.

Answer 2

Answer:

2nd option is correct...........