Monday, September 16, 2019

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)

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