WAEC Accounting 2015 Objective — Question 21

Question 21 of 50 from the West African Examinations Council (WAEC) Accounting 2015 Objective paper, with the correct answer and a full explanation.

Which of the following is not a method of depreciating fixed assets?

A. Revaluation
B. Straight line
C. Diminishing balance
D. ObsolescenceCorrect

Explanation

Revaluation, straight line and diminishing (reducing) balance are all methods of calculating depreciation; obsolescence is a cause/reason for depreciation, not a method.

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