Question about deprecation

[Accountant]

Business English Lesson, Advanced Level

ESL/EFL Test #156 "Depreciation", question 10

The ......... balance method presumes that the asset depreciates more when it is newer and less as it ages and wears.

(a) declining
(b) depleting
(c) descending
(d) discarding

Business English Lesson, Advanced Level

ESL/EFL Test #156 "Depreciation", answer 10

The declining balance method presumes that the asset depreciates more when it is newer and less as it ages and wears.

Correct answer: (a) declining
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wah t if we bought an asset in the middle of financial year, how much we depreciate?

Accountant

[Mister Micawber]

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Sorry, this is an English language forum, not a financial advice forum. You should ask your accountant.
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Native English teacher at Mister Micawber's

[Lost_Soul]

Hi, Mister Micawber

I dont quite understand the assest depreciates
Is it like the value of the asset lessens, becomes less than it was before ?

[Mister Micawber]

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Yes.
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Native English teacher at Mister Micawber's