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