Use the information to answer the question given.

\(\begin{array}{c|c} \text{Cost of motor vehicle - 1\1\12} & ₦ 85,000\\ \text{Residual value} & ₦5,000 \\ \text{Estimated useful lifespan 10 years} & \end{array}\).

The business make use of the straight line method for providing depreciation, the accumulated depreciation as at 31/12/2013 is

Similar Questions

Debtors value as at 1st January 2000 was N40,000. Bad debts written off during the year was N5,000 p...

What type of stock valuation would a vegetable seller adopt in valuing it's product? ...

Which of the following attracts a fixed rate of dividend? ...

The fund in which all government receipt are paid is? ...

Sales for the period is ...

Which of the following is not recorded in a partnership appropriation account? ...

Partners' salaries and drawings are usually posted to the ...

Dividend proposed by a company is shown in its Balance Sheet as ...

Where there are no proper books of account, the capital at the commencement of a period is ascertain...

Marhumu and Yusuf are in partnership sharing profits and losses in the ratio of 2:1. On 31/3/2000, t...