An asset is never reduced to zero in the _______________. (2024)

An asset is never reduced to zero in the _______________.

A

Fixed instalment method.

B

Reducing balance method.

D

Sum of years method.

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Solution

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Under reducing balance method of Depreciation, Depreciation is calculated at the fixed rate on the reducing balance of the asset therefore, the value of an asset is never zero under this method

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An asset is never reduced to zero in the _______________. (2024)
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