Question 11
A plant which costs N1,000 and has a residual value of N125 is depreciated at 20% per annum. Using the diminishing balance method, what is the amount of depreciation for the second year?
Objective
Question details
- Exam body
- WAEC
- Subject
- Accounts - principles of accounts
- Year
- 1994
- Question no.
- #11
- Type
- Objective
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