Accounts (Principles of Accounts)Depreciation of non-current assetsWAEC
A van costing ₦1,200,000 is depreciated at 25% a year on the reducing balance. Its value after two years is
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Answer: C. ₦675,000
1,200,000 × 0.75 × 0.75.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.