ACC 111 (PRINCIPLES OF ACCOUNTING 1) ASSIGNMENT

1. The following information has been given to you about factory plant and machinery of

Ajimatanraeje Nigeria Limited.

Cost                             N7.5 million

Scrap value                  N1,250,000

Useful life                   6years

You are required to calculate the annual depreciation charges for each year using:                     

(a) Reducing Balance Method

(b)  Sum of the year Digit Method

2.    The following information has been given to you about factory plant and machinery of

Ajimaronu Nigeria Limited.

Cost                             N6 million

Scrap value                  N750,000

Useful life                   8years

You are required to calculate the annual depreciation charges for each year using:                     

(a) Reducing Balance Method

(b)  Sum of the year Digit Method

INSTRUCTION: SUBMIT  TO YOUR CLASS GOVERNORS
                         ON OR BEFORE 9A.M

                             SATURDAY SEPTEMBER 21, 2019.

YOU ARE ALL WELCOME TO SECOND SEMESTER SUMMER 2019. 

                                    PATRIOT ODUNARO B.J. (08038454008)