Which of the following is not a method of depreciating fixed assets?

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Accounts - Principles of Accounts WAEC 2015

Which of the following is not a method of depreciating fixed assets?

  • Revaluation
  • Straight Line
  • Diminishing balance
  • Obsolescence checkmark

The correct answer is: D

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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