Which of the Following Statements Concerning the Sum-Of-The-Years'-Digits Method of Depreciation

question 8

Multiple Choice

Which of the following statements concerning the sum-of-the-years'-digits method of depreciation is correct?

• A) It is an alternative name for the reducing balance method.
• B) The depreciation charge per annum decreases over the life of the asset.
• C) It is the most common method of depreciation used in Australia.
• D) The formula is: carrying amount multiplied by remaining years of useful life.

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