NABTEB Book Keeping 2015 Objective — Question 20

Question 20 of 40 from the National Business and Technical Examinations Board (NABTEB) Book Keeping 2015 Objective paper, with the correct answer and a full explanation.

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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