Us the following information to answer the question given.

\(\begin{array}{c|c} \text{Cost of motor vehicle - 1\1\12} & ₦ 85,000 \\ \text{Residual value} & ₦5,000 \\ \text{Estimated useful lifespan 10 years} & \end{array}\).

The business make use of the straight line method for providing depreciation, the annual depreciation is

Similar Questions

A petty cashier operates with an imprest of D1,000 per week. At the end of the week he had disbursed...

Which of the following is found in the general ledger? ...

   Le  Capital (01/01/2020)  1,934,600...

In the operation of an imprest of petty cash, the ...

In a period of declining price, which of the following methods would result in higher profit? ...

Given that 1/3 of the N6000 stock held by a branch is purchased from outsiders. If goods are invoice...

The effect on profit when the closing stock is understated is ...

\(\begin{array}{c|c} & N\\ \hline \text{Land and building} & 20,000\\ Stock & 5,000\\ \t...

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

In a departmental account, where no basis of apportionment exist, apportionment is ...