Q.

In this method, it is assumed that the property will lose its value by a constant percentage of its value at the beginning of every year. This method is called?

A. sinking fund method
B. constant percentage method
C. straight line method
D. quantity survey method
Answer» C. straight line method
Explanation: in this method a fixed amount of the original cost is deducted every year so that at the end of the utility period only the scrap value is left.
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