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  • Depreciation Accounting
  • The method in which a fixed amount is charged every year ...
Multiple choice

The method in which a fixed amount is charged every year as depreciation is called

  1. diminishing balance method

  2. original cost method

  3. sum of digits method

  4. all of these

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

It is the correct answer. It is also known as straight line or original cost mehtod.

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