Question

under diminishing balance method depreciation is charged on _____________ of fixed asset​

Answer 1

Answer:

is given and explained below

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.

Answer 2

Answer:

According to the Diminishing balance Method depreciation is charged at a fixed percantage on the book value of the asset As the book value reduces very year ,it is also known as the Reducing balance Method or written -down value Method