WAEC - Accounts Principles Of Accounts (2015 - No. 21)

Which of the following is not a method of depreciating fixed assets?
Revaluation
Straight Line
Diminishing balance
Obsolescence

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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