10% IS CHARGED ON DEPRECIATION OF FIXED ASSETS

Determine the value of Ojo's fixed assets

Haleey

5 years ago

Wrong. L&b 12000*10/100=1200 less depreciation= 12000_1200=10800
Fitting 850*10/100=85 less depreciation = 850_ 85= 765
Motor van 1600*10/100=160
Less depreciation=1600_160= 1440
Add all fixed assets= 10800+765+1440= 13005 answer c

Chuks612

9 years ago

The answer is C cuz the question says 10% was charged on depreciation, and the addition of all fixed assets gives 14450. Therefore, 10% of 14450 gives 13005.