passwella.
Menu

WAEC Financial Accounting 2006 Question 2

Question 2

Depreciation

The depreciation method in which the number of years of the useful life of an asset is allocated in a reverse order is

  1. A.straight line
  2. B.reducing balance
  3. C.sum of the years' digits
  4. D.revaluation.
Show the answer and explanation

Answer: C (sum of the years' digits)

Explanation

Sum-of-the-years'-digits uses the years of life in reverse order as the weights.