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The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the

Correct Answer: Book value at the end of (n - 1)th year

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Chemical Engineering Plant Economics MCQ: The depreciation during the year 'n', in diminishing balance method of depreciation calculation, is calculated by multiplying a fixed percentage 'N' to the | Extra Education