Difference between fixed installment method and diminishing balance method
Asked by admin @ in Accountancy viewed by 3482 People
Differentiate fixed instalment method and diminishing balances method.
Answered by admin @
Answer:
Explanation:
ifferences Between Fixed Installment And Reducing Balance Method Of Depreciation. Depreciation is charged on the original cost of assets in fixed installment method. In reducing balance method, depreciation is charged on the book value of asset.
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