Asset Accounting – NBC Institute

FA – May 2012 – L1 – SA – Q35 – Depreciation Methods and Accounting for Disposals

Calculating the net book value of office equipment using the reducing balance method.

Question

Chinko Limited bought office equipment on 1 January 2008 at a cost of N900,000. If depreciation is calculated at 20% on a reducing balance basis, the net book value of the asset at the end of year 2010 will be ……………………….

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Accounting, Depreciation, Reducing Balance Method
Level: Level 1

Topic: Depreciation Methods and Accounting for Disposals
Series: MAY 2012

FA – May 2012 – L1 – SA – Q31 – Depreciation Methods and Accounting for Disposals

Calculating the depreciation using the sum-of-the-years’ digits method.

Question

An asset has a useful life span of 5 years with no residual value. Using the sum-of-the-years’ digits method of depreciation, what proportion of the asset cost will have been written-off at the end of year 3?

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Accounting, Depreciation, Sum-of-the-Years-Digits
Level: Level 1

Topic: Depreciation Methods and Accounting for Disposals
Series: MAY 2012

FA – May 2012 – L1 – SA – Q35 – Depreciation Methods and Accounting for Disposals

Calculating the net book value of office equipment using the reducing balance method.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Accounting, Depreciation, Reducing Balance Method
Level: Level 1

Topic: Depreciation Methods and Accounting for Disposals
Series: MAY 2012

FA – May 2012 – L1 – SA – Q31 – Depreciation Methods and Accounting for Disposals

Calculating the depreciation using the sum-of-the-years’ digits method.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Accounting, Depreciation, Sum-of-the-Years-Digits
Level: Level 1

Topic: Depreciation Methods and Accounting for Disposals
Series: MAY 2012

Question Tag: Asset Accounting

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – May 2012 – L1 – SA – Q35 – Depreciation Methods and Accounting for Disposals

Calculating the net book value of office equipment using the reducing balance method.

FA – May 2012 – L1 – SA – Q31 – Depreciation Methods and Accounting for Disposals

Calculating the depreciation using the sum-of-the-years’ digits method.

FA – May 2012 – L1 – SA – Q35 – Depreciation Methods and Accounting for Disposals

Calculating the net book value of office equipment using the reducing balance method.

FA – May 2012 – L1 – SA – Q31 – Depreciation Methods and Accounting for Disposals

Calculating the depreciation using the sum-of-the-years’ digits method.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Asset Accounting

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – May 2012 – L1 – SA – Q35 – Depreciation Methods and Accounting for Disposals

Calculating the net book value of office equipment using the reducing balance method.

You're reporting an error for "FA – May 2012 – L1 – SA – Q35 – Depreciation Methods and Accounting for Disposals"

FA – May 2012 – L1 – SA – Q31 – Depreciation Methods and Accounting for Disposals

Calculating the depreciation using the sum-of-the-years’ digits method.

You're reporting an error for "FA – May 2012 – L1 – SA – Q31 – Depreciation Methods and Accounting for Disposals"

FA – May 2012 – L1 – SA – Q35 – Depreciation Methods and Accounting for Disposals

Calculating the net book value of office equipment using the reducing balance method.

You're reporting an error for "FA – May 2012 – L1 – SA – Q35 – Depreciation Methods and Accounting for Disposals"

FA – May 2012 – L1 – SA – Q31 – Depreciation Methods and Accounting for Disposals

Calculating the depreciation using the sum-of-the-years’ digits method.

You're reporting an error for "FA – May 2012 – L1 – SA – Q31 – Depreciation Methods and Accounting for Disposals"

Our offerings

Contact Info

Customer

Get In Touch

admin