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

       PATRIOT ODUNARO BABATUNDE JIMOH (08038454008)
       "IN ALL YOUR GETTING GET WISDOM".

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ASSIGNMENT
FOR WHOM:  ACCOUNTANCY DEPARTMENT  AND OTM DEPARTMENT:
The following information has been given to you about Aiyegbaogbon Nigeria Limited`s factory plant and machinery.

 Cost                       N 15 million

 Scrap value            N0.75 million

 Useful life             5 years

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

(i)   Straight-line Method                       
(ii) Reducing Balance Method  
(iii) Sum of the year Digit Method

FOR WHOM:  BUSINESS ADMINISTRATION  DEPARTMENT:
The following information has been given to you about Aiyefele Nigeria Limited`s factory plant and machinery.

 Cost                       N25 million

 Scrap value            N1.25 million

 Useful life             5 years

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

 (i)   Straight-line Method                      
 (ii) Reducing Balance Method
(iii) Sum of the year Digit Method
 

FOR WHOM:  COMPUTER SCIENCE  DEPARTMENT:

 The following information has been given to you about Aiyele Nigeria Limited`s factory plant and machinery.

 Cost                       N 7.5 million

 Scrap value            N 0.375 million

 Useful life             5 years

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

  (i)   Straight-line Method                      
 (ii) Reducing Balance Method
(iii) Sum of the year Digit Method

BEST OF LUCK!