- 1 Marks
FA – May 2012 – L1 – SA – Q20 – Accounting Concepts
Calculating the residual value of an equipment after its useful life.
Question
The following data relate to an equipment acquired by an enterprise:
- Cost: N435,600
- Expected useful life: 4 years
- Annual depreciation: N100,000
What is the residual value of the equipment at the end of its useful life?
A. N35,000
B. N35,600
C. N73,500
D. N83,750
E. N108,000
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