What is the rate
of charging
depreciation
under
diminishing
method?
(a) 12% p.a.
(b) 15% p.a.
(c) 10% p.a.
(d) Not fixed
Answers
Answered by
3
Answer:
I think Not fixed is the answer
Answered by
1
option (c) 10% p.a.
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.
mark as brainlist answer.
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