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WAEC Book Keeping 2024 Objective — Question 11

Question 11 of 40 from the West African Examinations Council (WAEC) Book Keeping 2024 Objective paper, with the correct answer and a full explanation.

11. The accumulated depreciation at the end of the second year is A.

A. 800,000.
B. 700,000.Correct
C. 550,000.
D. 400,000.

Explanation

Accumulated depreciation at the end of second year = 350,000 x 2 = 700,000.

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