The depreciation method that applies a constant percentage to the carrying amount of an asset in calculating depreciation is
A) straight-line.
B) units-of-production.
C) diminishing-balance.
D) perpetual-fair value

Question

Quizplus · Accepted Answer

The diminishing-balance method applies a constant percentage to the carrying amount (book value) of an asset each year, resulting in decreasing depreciation expenses over the asset's useful life.

The Depreciation Method That Applies a Constant Percentage to the Carrying