Which of the Following Statements Concerning the Sum-Of-The-Years'-Digits Method of Depreciation

Multiple Choice

Which of the following statements concerning the sum-of-the-years'-digits method of depreciation is correct?

A) It is an alternative name for the reducing balance method.
B) The depreciation charge per annum decreases over the life of the asset.
C) It is the most common method of depreciation used in Australia.
D) The formula is: carrying amount multiplied by remaining years of useful life.