Sammy acquired plant an machinery costing ₦120,000 with...
Sammy acquired plant an machinery costing ₦120,000 with an estimated useful life of 4 years and residual value of ₦2,000. The sum of the year digits method is used.
The depreciation to be charged for the third year will be
₦3,000
₦4,000
₦1,000
₦2,000
Correct answer is B
No explanation has been provided for this answer.
Provision for bad and double debts in companies final accounts is treated in? ...
In the absence of a partnership deed, the act stipulates that ...
Danladi Bako's Statement of Affairs as at 30/06/17 ₦ ...
The excess of cost of goods sold over net sales is ...
When a bill is negotiated to a bank, it is said be? ...
The current assets less current liabilities is ...
The ordinary shareholders enjoy the following rights except the right to ...
\(\begin{array}{c|c} & N \\ \hline \text{Opening stock of raw materials} & 8,000\\ \text{Pur...
Programs installed in computers to facilitate processing of data are ...