____ depreciation depreciates an asset by a constant percentage each year rather than a constant amount.
A) Declining balance
B) Double declining
C) Interest reduced
D) Straight-line

Question

Quizplus · Accepted Answer

Declining balance depreciation method depreciates an asset by a constant percentage each year. The percentage is applied to the asset's book value at the beginning of the year. This results in a larger depreciation charge in the early years of the asset's life and smaller depreciation charges in the later years.

____ Depreciation Depreciates an Asset by a Constant Percentage Each