If machine X cost #600,000 with anticipated life span of ...
If machine X cost #600,000 with anticipated life span of five years and estimated scrap value of #50,000, using straight line method; depreciation charged for two years will be
#700,000
#240,000
#220,000
#202,000
Correct answer is C
No explanation has been provided for this answer.
The correct expression of accounting equation is ...
Stock of raw materials (1st January) N3000 Direct wages N2500 Direct expenses N1000 Factory overh...
In trial balance, income and liabilities are ...
\(\begin{array}{c|c} & N \\ \hline \text{Fixed assets} & 12,000 \\ \text{Current assets} &am...
Which of the following is a strong feature of partnership? ...