Which statements about the reducing balance method of depreciation are correct?
1 The annual percentage depreciation rate changes each year.
2 The annual depreciation charge remains the same each year.
3 The annual percentage depreciation rate remains the same each year.
4 The annual depreciation charge falls each year.
1 )
1 and 2
2 )
1 and 4
3 )
2 and 3
3 and 4
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