Question 14

Use the information to answer the question given.

\(\begin{array}{c|c} \text{Cost of motor vehicle - 1\1\12} & ₦ 85,000\\ \text{Residual value} & ₦5,000 \\ \text{Estimated useful lifespan 10 years} & \end{array}\).
The business make use of the straight line method for providing depreciation, the accumulated depreciation as at 31/12/2013 is

  • A.₦18,500
  • B.₦17,000
  • C.₦16,000
  • D.₦8,000
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
2014
Question no.
#14
Type
Objective

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