Using the reducing balance method the depreciat... - WAEC Accounting 2006 Question
Using the reducing balance method, the depreciation charged for year 2002 was
Use the following information to answer the given question
\(\begin{array}{c|c} \text{Motor vehicles(at cost) 1/1/2002} & ₦1,000,000\ \text{Addition to motor vehicles 1/7/2003} & ₦600,000 \ \text{Depreciation rate 10%} & \end{array}\)
Using the reducing balance method, the depreciation charged for year 2003 was
Use the following information to answer the given question
\(\begin{array}{c|c} \text{Motor vehicles(at cost) 1/1/2002} & ₦1,000,000\ \text{Addition to motor vehicles 1/7/2003} & ₦600,000 \ \text{Depreciation rate 10%} & \end{array}\)
Using the reducing balance method, the depreciation charged for year 2003 was
A
₦160,000
B
₦150,000
C
₦130,000
D
₦120,000
correct option: b
Please share this, thanks:
Add your answer
No responses