JAMB Accounting 2020 Objective — Question 12

Question 12 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2020 Objective paper, with the correct answer and a full explanation.

12. What is the netbook value of all machines as at year end? (using the Q11 data)

A. A. N34,940Correct
B. B. N46,500
C. C. N45,200
D. D. N33,900

Explanation

NBV of all machines = cost of all machines - accumulated depreciation on all machines = (51,300+6,500) - 22,860 = N34,940.

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