MCQOPTIONS
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| 1. |
Which of the following is true with respect to providing depreciation under diminishing balance method? |
| A. | The amount of depreciation keeps increasing every year while the rate of depreciation keeps decreasing |
| B. | The amount of depreciation and the rate of depreciation decrease every year |
| C. | The amount of depreciation decreases while the rate of depreciation remains the same |
| D. | The amount of depreciation and the rate of depreciation increases every year |
| Answer» D. The amount of depreciation and the rate of depreciation increases every year | |