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Which of the following is true with respect to providing depreciation under diminishing balance method?
Accountingmedium
AThe amount of depreciation keeps increasing every year while the rate of depreciation keeps decreasing
BThe amount of depreciation and the rate of depreciation decrease every year
The amount of depreciation decreases while the rate of depreciation remains the same
D
Correct Answer: C. The amount of depreciation decreases while the rate of depreciation remains the same
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