1/ife X (cost-Salvage) 2/ife X Cost-Salvage double of the depreciation amount as calculated under staright line mothod Any of the above

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Please answer with Explanation and tell me why other are incorrect 

In double decline method the depreciation is charged as
O 1life X (cost-Salvage)
2/life X Cost-Salvage
O double of the depreciation amount as calculated under stari
line mothod
O Any of the above
Transcribed Image Text:In double decline method the depreciation is charged as O 1life X (cost-Salvage) 2/life X Cost-Salvage O double of the depreciation amount as calculated under stari line mothod O Any of the above
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