Question

Which accounting concept is being used when a business uses the same method of depreciation?​

Answer 1

Answer:

Consistency principle means that the company should use same accounting principles year after year for better comparison of Financial statements. Hence, using WDV method of depreciation year after year is following consistency principle.

Answer 2

Answer:

••••••____Depreciation is an accounting method of allocating the cost of the tangible or physical asset over its useful life or life expectancy . Depreciation represents how much of an asset's value has been used up.

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