Accounting WAEC

Which of the following is not a method of depreciating fixed assets?

A. Revaluation
B. Straight Line
C. Diminishing balance
D. Obsolescence

Correct Answer: Option D

D. Obsolescence

Explanation

Depreciation methods

  1. Straight-line
  2. Double declining balance
  3. Units of production
  4. Sum of years digits
  5. Revaluation
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6 years ago

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