O-LevelAccountingAccounting procedures7707/12 · Oct/Nov 2019 · Q161 Mark
Which methods of depreciation are used for these non-current assets? 1 a non-current asset consisting of a number of small items 2 a non-current asset which gives the same benefit in each year of use 3 a non-current asset which gives more benefit in the early years of its use
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Adiminishing (reducing) balance method for 1; revaluation method for 3; straight-line method for 2
Bdiminishing (reducing) balance method for 2; revaluation method for 1; straight-line method for 3
Cdiminishing (reducing) balance method for 2; revaluation method for 3; straight-line method for 1
Ddiminishing (reducing) balance method for 3; revaluation method for 1; straight-line method for 2
✓ Correct answer
D: diminishing (reducing) balance method for 3; revaluation method for 1; straight-line method for 2
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