Accounts - Principles of Accounts
WAEC 2019
Where there is provision for depreciation, fixed asset is shown in the balance sheet at
i. cost less depreciation for the period only.
ii. cost less total depreciation to date.
iii. written down values
-
A.
i only
-
B.
ii only
-
C.
i and ii only
-
D.
i and iii only
Correct Answer: Option D
Explanation
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