JAMB Accounting 2025 Objective — Question 38

Question 38 of 41 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2025 Objective paper, with the correct answer and a full explanation.

The purchase value of an asset over its serviceable life is categorised as

A. Appreciated Liabilities
B. Appreciated Assets
C. DepreciationCorrect
D. Appreciation

Explanation

The purchase value of an asset divided by its useful life is the depreciation per year on that asset.

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