Accounting · Depreciation Accounting
Which of the following statements is correct regarding the Written Down Value (WDV) Method of Depreciation?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 1It is suitable only for intangible assets like patents and trademarks.
- 2Depreciation is charged on the reducing book value of the asset each year.✓
- 3The asset value automatically reduces to exactly zero at the end of its useful life under all circumstances.
- 4The annual depreciation amount remains constant every year.
Correct answer
Depreciation is charged on the reducing book value of the asset each year.
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