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The accumulated depreciation at the end of the second year is 350,000 × 2 = 700,000

Book Keeping
WAEC 2024

The accumulated depreciation at the end of the second year is 350,000 × 2 = 700,000

  • A. #800,000
  • B. #700,000
  • C. #550,000
  • D. #400,000
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Correct Answer: Option B
Explanation

Accumulated depreciation at the end of the second year is 

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Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC offline past questions - with all answers and explanations in one app - Download for free
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076
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Post UTME Past Questions Agent
Post-UTME Past Questions - Original materials are available here - Download PDF for your school of choice + 1 year SMS alerts
WAEC and NECO CBT Software for Computers and Laptops - Candidates, Schools, Centres, Resellers - 100% Offline -Download Now
WAEC Past Questions, Objective & Theory, Study 100% offline, Download app now - 127076