A machine bought for N35,000 was estimated to have a life span of 5 years with a scrap value of N9,000.

The yearly depreciation using the straight line method would be

Similar Questions

Use the following information to answer the given questions \(\begin{array}{c|c} & N \\ \hl...

If sales is D 12,000 and the gross profit mark -up percentage is 25%. What is the cost of sales? ...

Capital receipt is collected ...

The trial balance showed wages, N2,500 and a note stated that N500 wages, were due but unpaid when p...

The use of the folio in the ledger is for ...

The total share capital which a company would be allowed to issue is known as ...

  Years Current Assets Liabilities Fixed Assets Capital ...

Which of the following is a common cause of a discrepancy between head office and branch trial balan...

 ₦ Capital: Opening balance                  &n...

The accounting principle that is applied to check arbitrary actions on the part of accountants is? ...