Use the information to answer the question given....
Use the information to answer the question given.
Cost of motor vehicle - 1\1\12₦85,000Residual value₦5,000Estimated useful lifespan 10 years.
The business make use of the straight line method for providing depreciation, the accumulated depreciation as at 31/12/2013 is
₦18,500
₦17,000
₦16,000
₦8,000
Correct answer is C
No explanation has been provided for this answer.
\(\begin{array}{c|c} & N \\ \hline \text{Sales} & 14,600 \\ \text{Purchases} & 5,500 \\ ...
The amount of subscriptions accrued is reported in the balance sheet under? ...
Stock or raw materials(1st January) 3000 Direct wages 2500 Direct expenses 1000 Factory overheads...
The correct entry to reflect the receipt of cash sent by a branch to a head office is ...
The major advantages of an impurest system is that it ...
Investment at cost of a company is to be disclosed under ...
Beauty started business with ₦40,000, made a profit of ₦50,000 and ended the year with ₦70,000...
Where there is provision for depreciation, fixed asset is shown in the balance sheet at i. c...