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WAEC Accounting 2014 Paper

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Question : 14

Total: 45

Use the information to answer the question given.

‌Cost of motor vehicle - 1\1\12‌&₦85,000
‌Residual value‌&₦5,000
‌Estimated useful lifespan 10 years‌&.
The business make use of the straight line method for providing depreciation, the accumulated depreciation as at 31/12/2013 is

₦18,500
₦17,000
₦16,000
₦8,000

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