Accounts (Principles of Accounts)Depreciation of non-current assetsWAEC
A van costing ₦100,000 is depreciated at 20% a year on the reducing balance. Depreciation in year 2 is
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Answer: C. ₦16,000
Year 1: 20,000; NBV 80,000 × 20% = 16,000.
An AdmitMe practice question, written for the WAEC syllabus. Not an official past question.