Civil Engineering MCQJE Level Civil Engineering
For reduction in value of an asset, which of the following rules or methods is correct?
Estimation and CostingDepreciationMEDIUM
Choose the correct answer
A
depreciation applies only to fresh concrete
B
straight line method charges equal depreciation each year
C
salvage value is always zero
D
depreciation increases book value
Correct Answer
B. straight line method charges equal depreciation each year
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Depreciation accounts for loss of asset value over time. Correct option: B.
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