Which of the following statements about the reducing balance method of depreciation are correct? 1 The yearly percentage depreciation rate varies each year. 2 The yearly depreciation charge stays unchanged each year. 3 The yearly percentage depreciation rate stays unchanged each year. 4 The yearly depreciation charge decreases each year.
- A1 and 2
- B1 and 4
- C2 and 3
- D3 and 4