Under the Reducing Balance, method depreciation is charged on the original cost.

Question

Under the Reducing Balance, method depreciation is charged on the original cost.

State whether the following statement are True or False with reason :

Monjur Alahi

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2025-01-04 04:42

1 Answers

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Salim Ahmed Kawsar · Accepted Answer · 2023-02-05T15:29:48+06:00

Salim Ahmed Kawsar

This statement is False.

Underwritten down value method depreciation is calculated at a certain fixed rate of percentage every on the balance of the asset which is brought forward from the previous year.

5 views Answered 2023-02-05 15:29