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Chemical Engineering
Q
The depreciation during the year ‘n’, in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage ‘N’ to the ?
AA. Initial cost
BB. Book value at the end of (n – 1)th year
CC. Depreciation during the (n – 1)th year
DD. Difference between initial cost and salvage value
Correct Answer:
B. B. Book value at the end of (n – 1)th year