8230Chemical EngineeringMedium
The depreciation during the year ‘n’, in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage ‘N’ to the?
ABook value at the end of (n – 1)th year
BDepreciation during the (n – 1)th year
CDifference between initial cost and salvage value
DInitial cost
Correct answer
A. Book value at the end of (n – 1)th year
Explanation
The correct answer is Book value at the end of (n – 1)th year.