ASSIGNMENT ON ACC 111-PRINCIPLES OF ACCOUNTING 1 FOR BOTH FULL TIME AND PART TIME

                         PATRIOT ODUNARO BABATUNDE JIMOH (08038454008)

                               "IN ALL YOUR GETTING GET WISDOM". 

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

Aiyefele Nigeria Limited.

Cost                             N50 million

Scrap value                  N250,000

Useful life                   5years

You are required to calculate the annual depreciation charges for each year using Straight Line Method

2.  Supposing the information in question 1 above  remain the same and scrap value is excluded.

Calculate the annual depreciation charges of Aseye Nigeria Limited for each year using Straight Line Method if the rate of     depreciation is 15%.

3. Calculate the cost of fixed asset for Feyikogbon Nigeria Limited if:

Depreciation     N7.5 million

Scrap Value   N0.25 million

Useful Life   5 years

TO WHOM:

* ND ACCOUNTANCY DEPARTMENT AND COMPUTER SCIENCE (FULL TIME AND PART TIME)

GOOD LUCK!

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ASSIGNMENT

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

Aiyegbajeje Nigeria Limited.

Cost                             N25 million

Scrap value                  N1,250,000

Useful life                   5years

You are required to calculate the annual depreciation charges for each year using Straight Line Method.

2.  Supposing the information in question 1 above  remain the same and scrap value is excluded.

Calculate the annual depreciation charges of Aseye Nigeria Limited for each year using Straight Line Method if the rate of     depreciation is 15%.

3. Calculate the cost of fixed asset for Feyikogbon Nigeria Limited if:

Depreciation     N3. 75 million

Scrap Value   N1.25 million

Useful Life   5 years

TO WHOM:

* ND BUSINESS ADMINISTRATION AND OFFICE TECHNOLOGY & MANAGEMENT DEPARTMENT (FULL TIME AND PART TIME)

GOOD LUCK!