What is the formula for calculating depreciatio... - SS1 Accounting Depreciation Account: Diminishing or Reducing Balance Method: Meaning, Formula, And Preparation Question
What is the formula for calculating depreciation using the reducing balance method?
A
Cost of the asset x Depreciation rate
B
Book value of the asset x Depreciation rate
C
Cost of the asset / Depreciation rate
D
Book value of the asset / Depreciation rate
correct option: b
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