Which method of depreciation assumes that an asset should be depreciated more in the earlier years and less in the later years of use?

Asked by Topperlearning User | 1st Jul, 2016, 03:14: PM

Expert Answer:

Diminishing balance method or written down value method of depreciation assumes that  an asset should be depreciated more in the earlier years and less in the later years of use. Hence, every year the depreciation amount will go on reducing.

Answered by  | 1st Jul, 2016, 05:14: PM