Question

under which method of depreciation, the value of an asset can never be completely extinguished​

Answer 1

This method otherwise called diminishing balance method and accepted under Income tax Act. Under this method, the annual depreciation decreases from year to year so that the burden and benefits of later years are shared by the earlier years. The value of asset never completely extinguished under this method

Answer 2

Answer:

As the book value reduces every year it is also know as the reduced balance method or write down value method since the book value reduces every year