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P2 C2 Depreciation Accounts — Account STD 11 Commerce — Question

Gujarat BoardEnglish MediumSTD 11 CommerceAccountP2 C2 Depreciation Accounts1 Mark
MCQ
On which balance of asset depreciation is calculated under Reducing balance method?
  • A
    Closing balance
  • ✓
    opening balance
  • C
    Average balance
  • D
    Monthly balance
✓

Answer

Correct option: B.
opening balance

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