Practice free →
Home › CBSE Class 11 (Commerce) › Accountancy › Depreciation, Provisions and Reserves › The selected depreciation method should be appli…

The selected depreciation method should be applied in what manner?

AChanged every year
BConsistently each period
COnly in the first year
DReset by auditors yearly
Answer & Solution
Correct answer: B. Consistently each period
Consistency keeps profits of different years comparable, so a change is allowed only in specific circumstances.
Solve this in the app — CBSE Class 11 (Commerce) practice & 24k+ MCQs →
Related questions