Which of the following is true in Public sector accounting? Cost of assets is

Accounts - Principles of Accounts WAEC 1998

Which of the following is true in Public sector accounting? Cost of assets is

  • depreciated on straight line method
  • depreciated on reducing balance method
  • expensed in the year of purchase checkmark
  • charged to federation account
  • not recognized in any form

The correct answer is: C

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