Question Tag: Accounting Estimate

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FA – May 2022 – L1 – SA – Q4 – Accounting for Property, Plant, and Equipment (PPE) in Accordance with IAS 16

Calculate the amount of depreciation charged for the year after adjusting the useful life of an asset.

What is the amount of depreciation charged in 2018 after adjusting the useful life of the plant as described in Q3?

A. ₦30,000
B. ₦52,500
C. ₦60,000
D. ₦67,500
E. ₦80,000

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  • 1 Marks

FA – May 2022 – L1 – SA – Q4 – Accounting for Property, Plant, and Equipment (PPE) in Accordance with IAS 16

Calculate the amount of depreciation charged for the year after adjusting the useful life of an asset.

What is the amount of depreciation charged in 2018 after adjusting the useful life of the plant as described in Q3?

A. ₦30,000
B. ₦52,500
C. ₦60,000
D. ₦67,500
E. ₦80,000

Login or create a free account to see answers

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