GCE Book Keeping 2015 Objective — Question 20
Question 20 of 40 from the General Certificate of Education (GCE) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.
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Depreciation to be charged to profit and loss account in the second year is
- A. #37,500Correct
- B. #75,000
- C. #287,500
- D. #300,000
Explanation
Under the straight line method, the annual depreciation charge remains the same each year: #37,500.
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