WAEC Book Keeping 2025 Objective — Question 20
Question 20 of 42 from the West African Examinations Council (WAEC) Book Keeping 2025 Objective paper, with the correct answer and a full explanation.
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Depreciation to be charged to profit and loss account in the second year is:
- A. N37,500Correct
- B. N75,000
- C. N287,500
- D. N300,000
Explanation
Under the straight line method, the same amount of depreciation (N37,500) is charged every year of the asset's useful life, including the second year.
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