A machine cost N12,000 and has a useful life of 4 years a...
A machine cost N12,000 and has a useful life of 4 years and an expected disposal value of N400. Using the reducing balance method, what us the net book value at the end of the year 2? (ignoring residual value)
N10,480
N10,080
N9,680
N9,600
N7,680
Correct answer is E
No explanation has been provided for this answer.
When the fixed capital method is used, the partners' share of profits and remunerations are cred...
July 1 - Started business with #10,500 July 31- Paid Agromachinex #6,000 owing them The double ...
Which of the following is not contained in sales ledger control account? ...
The basis of accounting for public sector is ...
Transactions are recorded or posted to the ledger in line with ...
The total of the returns outwards journal is posted to the ...
Capital at start was ₦250,000, while capital at the end of the year was ₦400,000. Drawings durin...