Reducing Balance

FA – May 2022 – L1 – SA – Q18 – Depreciation Methods and Accounting for Disposals

Calculate the value of an asset after 3 years using the reducing balance method.

Question

A company bought equipment worth ₦200,000 and the equipment is to be depreciated at 5%, using the reducing balance method. What would be the value of the asset after 3 years?

A. ₦170,000
B. ₦171,475
C. ₦180,505
D. ₦190,000
E. ₦200,000

Answer

Find Related Questions by Tags, levels, etc.

Tags: Asset Valuation, Depreciation, Reducing Balance
Level: Level 1

Topic: Depreciation Methods and Accounting for Disposals
Series: MAY 2022

Question Tag: Reducing Balance

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – May 2022 – L1 – SA – Q18 – Depreciation Methods and Accounting for Disposals

Calculate the value of an asset after 3 years using the reducing balance method.

FA – May 2022 – L1 – SA – Q18 – Depreciation Methods and Accounting for Disposals

Calculate the value of an asset after 3 years using the reducing balance method.

Our offerings

Contact Info

Customer

Get In Touch

Question Tag: Reducing Balance

Filter by Professional Bodies

Filter by Subject

Filter by Series

Filter by Topics

Filter by Levels

FA – May 2022 – L1 – SA – Q18 – Depreciation Methods and Accounting for Disposals

Calculate the value of an asset after 3 years using the reducing balance method.

You're reporting an error for "FA – May 2022 – L1 – SA – Q18 – Depreciation Methods and Accounting for Disposals"

FA – May 2022 – L1 – SA – Q18 – Depreciation Methods and Accounting for Disposals

Calculate the value of an asset after 3 years using the reducing balance method.

You're reporting an error for "FA – May 2022 – L1 – SA – Q18 – Depreciation Methods and Accounting for Disposals"

Our offerings

Contact Info

Customer

Get In Touch

admin