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GCE Financial Accounting 1990 Question 8

Question 8

Depreciation

Which of the following does not belong to the group?

  1. A.Straight line
  2. B.Insurance policy
  3. C.Diminishing balance
  4. D.Reducing balance
  5. E.Accumulated depreciation.
Show the answer and explanation

Answer: B (Insurance policy)

Explanation

The others are depreciation terms or methods; an insurance policy is not.