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Which statement best explains Written-down value method?

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Question ID #25878 UPSC UPSC EPFO APFC 2026 Mock Test Series UPSC EPFO APFC Accounting Principles Sectional Test 2026 Medium

Which statement best explains Written-down value method?

Correct Answer: C. Depreciation method applying a rate to the carrying amount of an asset
Written-down value method: Depreciation method applying a rate to the carrying amount of an asset

Question: Which statement best explains Written-down value method?

A. Asset expected to be realized, sold or consumed within the operating cycle or specified short period

B. Statement reconciling differences between bank balance per books and bank statement

C. Depreciation method applying a rate to the carrying amount of an asset

D. Inventory remaining unsold at the end of an accounting period

Correct Answer: C. Depreciation method applying a rate to the carrying amount of an assetWritten-down value method: Depreciation method applying a rate to the carrying amount of an asset

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Which statement best explains Written-down value method? - MCQ Explanation

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Correct answer: C. Depreciation method applying a rate to the carrying amount of an asset