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    Question

    Under the Written Down Value (WDV) method, depreciation

    is:
    A Charged on original cost Correct Answer Incorrect Answer
    B Charged on residual value Correct Answer Incorrect Answer
    C Charged on book value at the beginning of the year Correct Answer Incorrect Answer
    D Charged on replacement cost Correct Answer Incorrect Answer

    Solution

    Explanation: In WDV, depreciation is charged on the reduced value each year.

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