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      Question

      Under the Straight-Line Method of depreciation,

      depreciation is:
      A Charged on reducing balance Correct Answer Incorrect Answer
      B Constant every year Correct Answer Incorrect Answer
      C Increasing every year Correct Answer Incorrect Answer
      D Charged on actual usage Correct Answer Incorrect Answer

      Solution

      In the Straight-Line Method (SLM), depreciation is calculated by dividing the depreciable amount (cost minus residual value) by the useful life. The amount remains constant each year.

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