An equipment costing N60,000 was bought on 1st January 1991. Depreciation was provided at 20 percent annually on straight line method. It was straight line method. it was sold on 30th June 1994 for N15,750. Its accumulated depreciation provision provision at the time of sale was

Similar Questions

A feature of government accounting is that the ...

X represents ...

The suspense account is used to correct book-keeping error where the ...

Debtors.................................N20 Provision for bad debts..................10% Provision...

 Rakiya and joy are in a partnership and agreed that 5% interest per annum is to be charged on ...

In a bonus issue of one new share for every four held, a holder of 100,000 shares will get additiona...

 ₦ Capital: Opening balance                  &n...

Which of the following is used in the public sector to monitor or control government expenditure? ...

Adiza gave an instruction to her banker to pay a premium of Le 30,000 from her account to Union Rock...

The major source of revenue for central/federal government is ...