(A) Market value
(B) Book value
(C) Salvage value
(D) Depreciable cost
Answer: (B) Book value
Under declining balance method deprecation is calculated on applying the depreciation rate to the book value of the asset at the start of the period.
(A) Market value
(B) Book value
(C) Salvage value
(D) Depreciable cost
Answer: (B) Book value
Under declining balance method deprecation is calculated on applying the depreciation rate to the book value of the asset at the start of the period.