Question 0

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
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
1999
Question no.
#0
Type
Objective

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