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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