The value of asset can be reduced to zero under this method ____

Question

Quizplus · Accepted Answer

The Written Down Value method (also known as the Declining Balance method) allows for the value of an asset to potentially be reduced to zero, as it applies a constant rate of depreciation on the diminishing balance of the asset each year. This method can accelerate depreciation compared to methods that apply a constant amount of depreciation each year, like the Straight Line method.

The Value of Asset Can Be Reduced to Zero Under