Using the reducing balance method, the depreciation charg...
Using the reducing balance method, the depreciation charged for year 2002 was
Use the following information to answer the given question
Motor vehicles(at cost) 1/1/2002₦1,000,000Addition to motor vehicles 1/7/2003₦600,000Depreciation rate 10%
Using the straight reducing balance method, the depreciation charged for year 2002 was
₦100,000
₦90,000
₦80,000
₦60,000
Correct answer is A
No explanation has been provided for this answer.
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