MCQOPTIONS
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MCQOPTIONS
| 1. |
The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the |
| A. | initial cost. |
| B. | book value at the end of (n - 1)th year, |
| C. | depreciation during the (n - 1)th year. |
| D. | difference between initial cost and salvage value. |
| Answer» C. depreciation during the (n - 1)th year. | |