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Jamb Accounts - Principles of Accounts Past QuestionsQuestion 1261:Use the following Information to answer this question.
A. 220,480 B. 213,480 C. 200,480 D. 190,000 Question 1262:A fall or decrease in the economic service potential of an asset as a result of wear, tear and obsolescence is referred to as A. Estimate B. Depreciation C. Asset D. Useful Life Question 1263:The cost of a machine is ₦10,000. The residual value is ₦4,000. It is expected to last for 4 years. Using the straight line method, what is the amount of depreciation charged per annum? A. 6000 B. 1000 C. 1500 D. 2500 Question 1264:Use the question to answer this question The following information were extracted from the books of Miliki state
Recurrent expenditure is A. ₦345,000 B. ₦3,245,000 C. ₦421,000 D. ₦4,245,000 Question 1265:Use the question to answer this question The following information were extracted from the books of Miliki state
Capital expenditure is A. ₦345,000 B. ₦3,245,000 C. ₦421,000 D. ₦4,245,000 |
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