Jeng Limited disposed a fixed asset in 1999 for N2,000. T...
Jeng Limited disposed a fixed asset in 1999 for N2,000. The asset was purchased in 1996 at a cost of N10,000 and has been depreciated at the rate of 20% per annum using the straight line method. What is the profit or loss on the disposal asset?
N4,000 profit
N2,000 profit
N2,000 loss
N4,000 loss
Correct answer is C
No explanation has been provided for this answer.
Use the following to answer the given question \( \begin{array}{c|c} \text{Purchases} & 2,0...
A statement showing a trader's financial position as at a particular date is an ...
In a modern day banking system, cash transfer cannot be made where the transferer ...
The end result of governmental accounting procedure is to ...
ln a not-for-profit organization, the accumulated fund is ...
i) Fixtures account (ii) Machinery account (iii) Wages accounts (iv) Rent account. Which of ...
\(\begin{array}{c|c} & \text{1/6/2011} & \text{30/5/2012}\\ & D & D \\ \hline \text{...