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Which method of depreciation charges a fixed amount of depreciation every year?
  • a)
    Written Down Value Method
  • b)
    Annuity Method
  • c)
    Straight Line Method
  • d)
    Insurance Policy Method
Correct answer is option 'C'. Can you explain this answer?
Verified Answer
Which method of depreciation charges a fixed amount of depreciation ev...
The Straight Line Method charges a fixed amount of depreciation every year throughout the estimated life of the asset. This method is simpler to calculate and provides uniform depreciation over time.
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