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      Question

      The most commonly used method of depreciation

      is
      A Annual revaluation method Correct Answer Incorrect Answer
      B Diminishing Balance method Correct Answer Incorrect Answer
      C Straight line method Correct Answer Incorrect Answer
      D Sum of years digit method Correct Answer Incorrect Answer

      Solution

      The straight-line method is the simplest and most commonly used way to calculate depreciation under generally accepted accounting principles.

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