Which of the following is/are the method(s) of calculating depreciation amount?
Which of the following is/are the method(s) of calculating depreciation amount?
I. Straight line method
II. Written down value method
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Correct answer: (C) Both I and II
Explanation
Depreciation can be charged by the straight line method (fixed amount each year) or the written down value method (fixed rate on the reducing balance). Both are standard methods.