JAMB Accounting 2021 Objective — Question 4

Question 4 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2021 Objective paper, with the correct answer and a full explanation.

4. What is the NBV of the machine after third year? a. 29,000 b. 21,000 c. 27,000 d. 23,000

A. 29,000
B. 21,000
C. 27,000
D. 23,000Correct

Explanation

Since depreciation is 9,000 per year, after the third year total accumulated depreciation is 27,000. NBV (Net Book Value) = 50,000 - 27,000 = 23,000.

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