Jeng Limited disposed a fixed asset in 1999 for N2,000. T...
Jeng Limited disposed a fixed asset in 1999 for N2,000. The asset was purchased in 1996 at a cost of N10,000 and has been depreciated at the rate of 20% per annum using the straight line method. What was the book value when the asset was sold?
N8,000
N6,000
N4,000
N2,000
Correct answer is C
No explanation has been provided for this answer.
What does liquidity ratio measure? ...
Le Raw materials: Stock (01/01/2017) 8...
Kadiri paid his debt to Suleman by cheque. The accounting entries in Kadiri s books are: debit ...
Opening stock---------2,300 Purchases-------------11,874 Sales--------------------18,600 Closing ...
In-not-profit-making organizations, accumulated fund is the name for ...
Expenses accured at the end of the accounting year is treated in the balance sheets as ...