Depreciation on a particular piece of machinery... - JAMB Accounting 1999 Question
Depreciation on a particular piece of machinery was N2,700 during the fifth year of its service life and N4,050 during the sixth year. The logical explanation for this is that?
A
an addition was made to the asset during the sixth year
B
the estimate of salvage value on this equipment was decreased
C
a unit-of-output method of depreciation was used during the sixth year
D
the estimate remaining service life of the assets was increased at the beginning of the sixth year
correct option: a
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