Question 0

Use the information below to answer question
Palaju Enterprises had fixed assets costing N900,000 with provision for depreciation of N150,000 were disposed of during the period. Fixed assets of N100,000 were added during the year. Provision for depreciation was N350,000 at the beginning of the year and N300,000 at the end of the year.

The depreciation expenses charged for the year is?

  • A.N450,000
  • B.N250,000
  • C.N150,000
  • D.N100,000
  • E.
Objective

Question details

Exam body
JAMB
Subject
Accounts - Principles of Accounts
Year
2001
Question no.
#0
Type
Objective

More from this paper

See all Accounts - Principles of Accounts 2001 questions