Sum-of-the-Years-Digits – NBC Institute

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

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

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

FA – MAY 2015 – L1 – SA – Q2 – Depreciation Methods and Accounting for Disposals

Determine the second-year depreciation using the sum-of-the-years-digits method.

Question

On 1 January 2013, a motor vehicle with an expected useful life span of 5 years and a residual value of N100,000 was acquired for N1,600,000. Using the sum-of-the-years-digits method, what is the second-year depreciation provision of the motor vehicle?
A. N400,000
B. N426,000
C. N530,000
D. N540,000
E. N600,000

Answer

Find Related Questions by Tags, levels, etc.

Tags: Depreciation, Motor Vehicle, Sum-of-the-Years-Digits
Level: Level 1

Topic: Depreciation Methods and Accounting for Disposals
Series: MAY 2015

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

FA – MAY 2015 – L1 – SA – Q2 – Depreciation Methods and Accounting for Disposals

Determine the second-year depreciation using the sum-of-the-years-digits method.

Question

Answer

Find Related Questions by Tags, levels, etc.

Tags: Depreciation, Motor Vehicle, Sum-of-the-Years-Digits
Level: Level 1

Topic: Depreciation Methods and Accounting for Disposals
Series: MAY 2015

Question Tag: Sum-of-the-Years-Digits

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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 2015 – L1 – SA – Q2 – Depreciation Methods and Accounting for Disposals

Determine the second-year depreciation using the sum-of-the-years-digits 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 2015 – L1 – SA – Q2 – Depreciation Methods and Accounting for Disposals

Determine the second-year depreciation using the sum-of-the-years-digits method.

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

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

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FA – MAY 2015 – L1 – SA – Q2 – Depreciation Methods and Accounting for Disposals

Determine the second-year depreciation using the sum-of-the-years-digits method.

You're reporting an error for "FA – MAY 2015 – L1 – SA – Q2 – 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 2015 – L1 – SA – Q2 – Depreciation Methods and Accounting for Disposals

Determine the second-year depreciation using the sum-of-the-years-digits method.

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