Which of the following is true with respect to providing depreciation under diminishing balance method?
A) The amount of depreciation keeps increasing every year while the rate of depreciation keeps decreasing
B) The amount of depreciation and the rate of depreciation decrease every year
C) The amount of depreciation decreases while the rate of depreciation remains the same
D) The amount of depreciation and the rate of depreciation increases every year
Correct Answer:
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