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 net book value on 31st December of Yr. 2?
a
N551,400
b
N546,00
c
N540,000
d
N486,000
e
N440,000
Explanation
Correct Option
dNo explanation available
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