The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the
Options
A. initial cost.
B. book value at the end of (n - 1)th year,
C. depreciation during the (n - 1)th year.
D. difference between initial cost and salvage value.
Correct Answer
book value at the end of (n - 1)th year,
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