Under which method of depreciation annual depreciation goes on decreasing
A)Reducing balance method .
B)Straight line method .
C)Annuity method .
D)None

Question

Quizplus · Accepted Answer

The reducing balance method, also known as the declining balance method, results in decreasing annual depreciation amounts. This method applies a constant depreciation rate to the asset's book value each year, causing the depreciation expense to decrease over time.

Under Which Method of Depreciation Annual Depreciation Goes on Decreasing