A machine cost N12,000 and has a useful life of 4 years and an expected…

Accounts - Principles of Accounts WAEC 1989

A machine cost N12,000 and has a useful life of 4 years and an expected disposal value of N400. Using the reducing balance method, what us the net book value at the end of the year 2? (ignoring residual value)

  • N10,480
  • N10,080
  • N9,680
  • N9,600
  • N7,680 checkmark

The correct answer is: E

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