What Is the Meaning of "Declining Balance Method

question 13

Multiple Choice

What is the meaning of "declining balance method"?

• A)The systematic allocation of an asset's depreciable amount allocated in proportion to the productive capacity used.
• B)The systematic allocation of an asset's depreciable amount allocated evenly over the asset's estimated useful life.
• C)The systematic allocation of an asset's depreciable amount over its estimated useful life.
• D)The systematic allocation of an asset's depreciable amount whereby a period's depreciation equals the asset's net carrying amount multiplied by a fixed percentage.

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