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Why might a firm choose the Diminishing Balance Method over the Fixed Instalment Method?a)To simplify the calculation of depreciation.b)To ensure the book value of the asset is zero at the end of its life.c)To better match the higher repair costs in later years with lower depreciation charges.d)To avoid charging depreciation to the Profit and Loss Account.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 Why might a firm choose the Diminishing Balance Method over the Fixed Instalment Method?a)To simplify the calculation of depreciation.b)To ensure the book value of the asset is zero at the end of its life.c)To better match the higher repair costs in later years with lower depreciation charges.d)To avoid charging depreciation to the Profit and Loss Account.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 Why might a firm choose the Diminishing Balance Method over the Fixed Instalment Method?a)To simplify the calculation of depreciation.b)To ensure the book value of the asset is zero at the end of its life.c)To better match the higher repair costs in later years with lower depreciation charges.d)To avoid charging depreciation to the Profit and Loss Account.Correct answer is option 'C'. Can you explain this answer?.

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