O-LevelAccountingAccounting principles and policies7707/13 · Oct/Nov 2020 · Q121 Mark
A trader uses the reducing balance method of depreciation. What effect will this have over the life of the non-current asset?
Adepreciation charged evenly over the years
Bmore depreciation charged in the early years
Cmore depreciation charged in the later years
Dthe non-current asset being revalued each year
✓ Correct answer
B: more depreciation charged in the early years
Practise more questions on this topic
Oracle Prep sorts past-paper questions by topic, so you can drill Accounting principles and policies and see which topics are most likely to come up next.
Sign up free →