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 net book value at the time of sale was
N33,000
N30,000
N17,000
N16,000
Correct answer is A
No explanation has been provided for this answer.
Accounting information seeks to provide ...
The accounts of Jute Enterprise in the books of a supplier will be a ...
The ratio that gives the indication of the efficiency of a firm's sales with respect to cost of ...
Use the following information to answer the given question \(\begin{array}{c|c} & N \\ \hline...
Hardware in data processing refers to ...
Which of the following is an item of prime cost? ...
Given: Furniture and fittings..................N20,000 Equipment...............................N...