Which of the following is true with respect to providing depreciation under diminishing balance method?

Question

Which of the following is true with respect to providing depreciation under diminishing balance  method?

Xaibi Aslam · Accepted Answer

The amount of depreciation decreases while the rate of depreciation remains the same

Xaibi Aslam · Answer

The amount of depreciation keeps increasing every year while the rate of depreciation keeps decreasing

Xaibi Aslam · Answer

The amount of depreciation and the rate of depreciation decrease every year

Xaibi Aslam · Answer

The amount of depreciation and the rate of depreciation increases every year

Question #72874