Which statement accurately describes the depreciation behavior under the diminishing balance method?

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Depreciation expense rises each year while the depreciation rate declinesBoth the depreciation amount and rate reduce annuallyThe depreciation amount declines over time, but the depreciation rate stays constantBoth depreciation expense and rate increase each yearNone of the above

Explanation

In the diminishing balance (written down value) method, the depreciation rate remains constant throughout the asset's useful life. However, this fixed rate is applied to the asset's book value at the beginning of each year, which decreases annually. Consequently, the depreciation expense reduces over time, even though the rate itself does not change.