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
ON OR BEFORE 9A.M
SATURDAY SEPTEMBER 21, 2019.
YOU ARE ALL WELCOME TO SECOND SEMESTER SUMMER 2019.
PATRIOT ODUNARO B.J. (08038454008)
