Input your answer(s) in UPPERCASE. Answers in lowercase will be mark as wrong. Depreciation is calculated on under the straight line method book value of the asset The value of an assets is not...

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Extracted text: Input your answer(s) in UPPERCASE. Answers in lowercase will be mark as wrong. Depreciation is calculated on under the straight line method book value of the asset The value of an assets is not reduced to even when there is no scrap value in diminishing balance method of depreciation Your answer Straight line method of charging depreciation is also known as Your answer Scrap value of an asset means the amount that it fetched on sale at the end of its Your answer Depreciation is calculated as cost of assets less scrap value divided by Your answer