A multiple is needed to use the declining balance method of depreciation.How is the multiple chosen?
A) All around the world,the choice is completely open.
B) In every country,the tax authorities have defined,for each class of assets,a standardized multiple.
C) The multiple is always equal to two.
D) The selection of the multiple varies greatly from country to country.

Question

Quizplus · Accepted Answer

The selection of the multiple for the declining balance method of depreciation varies greatly from country to country, as different tax authorities may have different regulations and guidelines.

A Multiple Is Needed to Use the Declining Balance Method