WAEC Accounting 2014 Objective — Question 12
Question 12 of 50 from the West African Examinations Council (WAEC) Accounting 2014 Objective paper, with the correct answer and a full explanation.
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Using the same information, the accumulated depreciation as at 31/12/2013 is
- A. N18,500
- B. N17,000
- C. N16,000Correct
- D. N8,000
Explanation
As at 31/12/2013 is the second full year, so accumulated depreciation = 8,000×2 = N16,000.
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