The accounting year of Fehintola Ltd. ends on 31st Decemb...
The accounting year of Fehintola Ltd. ends on 31st December every year. Pant and Machinery purchased on 1st January, Year 1 N600,000
Depreciation rate per anuum, 10%
Scrap value, N60,000.
Using reducing balance method, what is the net book value on 31st December of Yr. 2?
N551,400
N546,00
N540,000
N486,000
N440,000
Correct answer is D
No explanation has been provided for this answer.
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