Economics · Hire Purchase Accounts
Which of the following methods are commonly used for calculating depreciation on an asset under a hire purchase system?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1Straight line method (Fixed installment method)
- 2Reducing balance method (Diminishing balance method)
- 3Both A and B✓
- 4None of the above
Correct answer
Both A and B
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