How is the book value of the asset calculated u... - SS1 Accounting Depreciation Account: Diminishing or Reducing Balance Method: Meaning, Formula, And Preparation Question
How is the book value of the asset calculated using the reducing balance method?
A
Cost of the asset - Accumulated depreciation
B
Cost of the asset x Depreciation rate
C
Accumulated depreciation / Useful life
D
Depreciation expense x Useful life
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