New RBI Grade B 2025 Notification will come Soon! Enroll Here

    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.

    Practice Next