Home » Past Questions » Accounts » A machine cost ₦12,000 and has a useful life of 4 years and an expected dispos...

A machine cost ₦12,000 and has a useful life of 4 years and an expected dispos...


Question

A machine cost ₦12,000 and has a useful life of 4 years and an expected disposal value of ₦400. Using the reducing balance method, what us the net book value at the end of the year 2? (ignoring residual value)

Options

A) ₦10,480

B) ₦10,080

C) ₦9,680

D) ₦9,600

E) ₦7,680

The correct answer is E.


More Past Questions:


Discussion