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Depreciation, Provisions and Reserves — Account STD 11 Commerce — Question

CBSE BoardEnglish MediumSTD 11 CommerceAccountDepreciation, Provisions and Reserves1 Mark
Question
What is Written Down Value Method of providing depreciation?
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Answer

Under this method. depreciation is calculated on the written down value of the asset and as the value of asset goes on diminishing year after year, the amount of depreciation charged every year also goes on declining.

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