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Which of the following is not a method of depreciating fixed assets?

Accounts - Principles of Accounts
WAEC 2015

Which of the following is not a method of depreciating fixed assets?

  • A. Revaluation
  • B. Straight Line
  • C. Diminishing balance
  • D. Obsolescence
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Correct Answer: Option D
Explanation

Depreciation methods

  1. Straight-line
  2. Double declining balance
  3. Units of production
  4. Sum of years digits
  5. Revaluation
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WAEC and NECO CBT App for Mobile Devices - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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Your School's Whatsapp Group - Join Us now
Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
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