![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-black.png)
![Mcqmate logo](https://mcqmate.com/public/images/logos/logo-white.png)
McqMate
Q. |
Which of the following is true with respect to providing depreciation under diminishing balance method? |
A. | The amount of depreciation keeps increasing every year while the rate of depreciation keeps decreasing |
B. | The amount of depreciation and the rate of depreciation decrease every year |
C. | The amount of depreciation decreases while the rate of depreciation remains the same |
D. | The amount of depreciation and the rate of depreciation increases every year |
Answer» C. The amount of depreciation decreases while the rate of depreciation remains the same |
View all MCQs in
Financial AccountingNo comments yet