Question on: WAEC Accounting - 1998
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 the straight line method, what is the cumulative depreciation at the end of yr.3?
Depreciation rate per anuum, 10%
Scrap value, N60,000. Using the straight line method, what is the cumulative depreciation at the end of yr.3?
A
N216,000
B
N206340
C
N180,000
D
N162,600
Ask EduPadi AI for a detailed answer
Correct Option: C
Add your answer
Please share this, thanks!
No responses