The accounting year of Fehintola Ltd. ends on 31st December every year. Pant and Machinery purchased on 1st January, Year 1 N600,000
Depreciation rate per anuum, 10%
Scrap value, N60,000.
Using reducing balance method, what is the depreciation for Yr. 2?
a
N160,000
b
N114,000
c
N60,000
d
N54,000
e
N48,000
Explanation
Correct Option
bNo explanation available
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