A plant which costs N1,000 and has a residual value of N125 is depreciated at 20% per annum. Using the diminishing balance, what is the net book value at the second year?

Similar Questions

Which of the following would be posted to the proprietor's capital account? ...

An entry made in bank column of cash book to record movement of cash between the office and the bank...

Which of the following is not correct? \(\begin{array}{c|c} Assets & Liabilities & Capita...

...................................................30/9/06.......30/9/07..... ........................

Where there is provision for depreciation, fixed asset is shown in the balance sheet at i. c...

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

An item credited in the bank statement but yet to be recorded in the firm's cash book is ...

Which of the following categories of labour cost will be classified as direct? ...

Which of the following is used to record the purchase of fixed asset on credit? ...

Which of the following items will not be entered in the adjusted cash book?  ...