Asa Company bought a vehicle worth N20,000 and the vehicl...
Asa Company bought a vehicle worth N20,000 and the vehicle is to be depreciated at 5%. Using the reducing balance method of depreciation, what would be the value of the asset after 3 years?
N19,000.00
N18,050.50
N17,147.50
N16,290.13
Correct answer is C
No explanation has been provided for this answer.
(i) Meet growth and diversification need. (ii) Reach out to particular customers or markets ...
The imprest of a petty cashier is N2450 Expenses on Printing 420 Cleaning 250 Stamp and postage 1...
Which of the following items is classified as capital expenditure in public sector accounting? ...
Which of these is not method of stock valuation? ...
Interest on a partner's drawings is debited to the ...
Given: Balance at 31st December ............N14,744m Treasury Bills issued Jan-Dec........N7124m ...
Motor Vehicle Account as at 31st December 2001. Debit: Jan. 1, cost ................N1950 000 Dec...
The maximum amount a company can raise through the issue of shares is ...