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.

---

Definitions:

Predicting

The act of making educated guesses or forecasts about future events based on current or past information.

Future

A time period that is yet to come and the events or conditions that will happen in that time.

Jean-Baptiste Lamarck

An early 19th-century French biologist known for his theory of inheritance of acquired characteristics, a precursor to Darwin’s theory of evolution.