Depreciation

Other name for reducing balance method

• Diminishing balance method

• Straight line method

• Revaluation method

• Revaluation method

Which 1 is not a cause of depreciation

• Time passage

• Depletion

• Disposal

• Wear and tear

Depreciation only affects

• Purchases

• Fixed assets

• Current assets

• Sales

Answer true or false. There are three methods of calculating depreciation

• True

• False

Which method of calculating depreciation multiplies rate by cost every year?

• Revaluation method

• Straight line method

• Diminishing method

• Reducing balance method