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Which of the following statements is true about the Fixed Instalment Method of depreciation?a)It is also called the diminishing balance method.b)It results in decreasing depreciation charges each year.c)It writes off a fixed percentage of the original cost every year.d)It is suitable for assets where the repair cost is high initially.Correct answer is option 'C'. Can you explain this answer? for B Com 2024 is part of B Com preparation. The Question and answers have been prepared according to the B Com exam syllabus. Information about Which of the following statements is true about the Fixed Instalment Method of depreciation?a)It is also called the diminishing balance method.b)It results in decreasing depreciation charges each year.c)It writes off a fixed percentage of the original cost every year.d)It is suitable for assets where the repair cost is high initially.Correct answer is option 'C'. Can you explain this answer? covers all topics & solutions for B Com 2024 Exam. Find important definitions, questions, meanings, examples, exercises and tests below for Which of the following statements is true about the Fixed Instalment Method of depreciation?a)It is also called the diminishing balance method.b)It results in decreasing depreciation charges each year.c)It writes off a fixed percentage of the original cost every year.d)It is suitable for assets where the repair cost is high initially.Correct answer is option 'C'. Can you explain this answer?.

Solutions for Which of the following statements is true about the Fixed Instalment Method of depreciation?a)It is also called the diminishing balance method.b)It results in decreasing depreciation charges each year.c)It writes off a fixed percentage of the original cost every year.d)It is suitable for assets where the repair cost is high initially.Correct answer is option 'C'. Can you explain this answer? in English & in Hindi are available as part of our courses for B Com. Download more important topics, notes, lectures and mock test series for B Com Exam by signing up for free.

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