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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Definitions:

Standards

are established norms or requirements aimed at ensuring products, services, or systems are safe, reliable, and consistently perform as expected.

Deadlines

Specific dates or times by which tasks, projects, or objectives need to be completed.

Objectives

Specific, measurable, achievable, relevant, and time-bound goals that individuals or groups set to achieve.

Constraints

Limitations or restrictions that affect decisions or actions within a process.