A machine bought for N35,000 was estimated to have a life...
A machine bought for N35,000 was estimated to have a life span of 5 years with a scrap value of N9,000.
If the scrap value is presently N15,000, what will be the yearly depreciation using the straight line method?
N4,000
N7,000
N11,000
N24,000
Correct answer is A
No explanation has been provided for this answer.
Use the following to answer the given question \(\begin{array}{c|c} & N \\ \hline sales &am...
For an incomplete record to provide necessary information, it must be converted to? ...
A charitable club has the following figures: N Subscriptions received in 1991 2 800 Subscr...
Which of these is not method of stock valuation? ...
When a purchase business is revalued, the effect is that ...
The profit of sole trader increases his ...
The part of capital issued only at the time of liquidation of the company is ...
The corresponding entry of personal accounts found in the debit side of the cashbook is to ...
An amount set aside to meet expenses whose value is not certain is a ...