Palaju Enterprises had fixed assets costing N900,000 with...
Use the information below to answer question
Palaju Enterprises had fixed assets costing N900,000 with provision for depreciation of N150,000 were disposed of during the period. Fixed assets of N100,000 were added during the year. Provision for depreciation was N350,000 at the beginning of the year and N300,000 at the end of the year.
The depreciation expenses charged for the year is?
N450,000
N250,000
N150,000
N100,000
Correct answer is A
No explanation has been provided for this answer.
Receipts and Payment Account (Extract) &nbs...
\(\begin{array}{c|c} & \text{N} \\ \hline \text{Stock Jan 1} & 2000 \\ \hline \text{Purchase...
In the absence of partnership agreement, profits and losses are shared ...
A partnership’s internal regulation are set out by________ ...
Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...
In a modern day banking system, cash transfer cannot be made where the transferer ...
Use the following information to answer the given question \(\begin{array}{c|c} & ₦ \\ \hline...
The current growth in the volume of trading and financial dealing in Nigeria is helped by ...