BACHELOR OF BUSINESS ADMINISTRATION

Detailed explanation-1: -The law of diminishing returns refers to increasing one input in a production process while other inputs remain constant. As each new unit of the increasing input is added, the marginal output gets smaller.

Detailed explanation-2: -The diminishing balance method, also known as the reducing balance method, is a method of calculating depreciation at a certain percentage each year on the balance of the asset which is brought from the previous year.

Detailed explanation-3: -The diminishing value method assumes that the value of a depreciating asset decreases more in the early years of its effective life.