A fixed asset was bought for N60,000 on 1st January, 1997...
A fixed asset was bought for N60,000 on 1st January, 1997. Depreciation was provided at 10% on cost. It was bought for N16,000 on 30th June, 2001.The profit or loss on sale was
₦17,000 profit
₦17,000 loss
₦16,000 profit
₦16,000 loss
Correct answer is B
No explanation has been provided for this answer.
The process of detecting, tracing and eliminating errors in a computer program is ...
\(\begin{array}{c|c} & Baba & Tude\\ & N & N \\ \hline \text{Capital Accounts 1 Janu...
A unit of company's capital which can be bought is ...
Which of the following is not true of revenue expenditure? i. It is incurred in one period of...
Provision for depreciation on delivery van is charged to ...
The following transactions relate to Osei Enterprises for the year ended 31st December 2020. ...
A manufacturing company's cost of production was D 200,000. The finished goods were transfe...
The correct order of liquidity is ...
A business organization prepares departmental account in order to ...