Examkits is a JAMB CBT practice platform that provides over 20 years of past questions, Post UTME questions, and detailed video solutions to help students prepare for their exams.

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You can practice JAMB past questions online, on Android, or on a desktop using the Examkits app. Just register on our website and choose your preferred device.

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Yes. Our Android and Windows versions support offline usage. Once downloaded and activated, no internet is required to use most of the features.

Do you offer video solutions for JAMB questions?

Yes, Examkits provides detailed video explanations for all JAMB past questions from 2000 to 2024, helping students understand how to solve each problem.

Examkits offers free practice for some subjects. However, full access requires a one-time affordable activation fee for each version of the app.

ACCOUNT

JAMB 2020 - Question 13

Account 2020 JAMB Past Questions - Question 13: Asa Company bought a vehicle worth ₦ 20,000 and the vehicle is to be depreciated at 5%. using the reducing balance method of depreciation, what would be the value of the asset after 3 years?

Choose the most appropriate option for the gap .

Asa Company bought a vehicle worth ₦ 20,000 and the vehicle is to be depreciated at 5%. using the reducing balance method of depreciation, what would be the value of the asset after 3 years?

A: ₦19,000,00

B: ₦18,050.50

C: ₦17,147.50

D: ₦16,290.13

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ACCOUNT

Account 2020 JAMB Past Questions - Question 13: Asa Company bought a vehicle worth ₦ 20,000 and the vehicle is to be depreciated at 5%. using the reducing balance method of depreciation, what would be the value of the asset after 3 years?

Examkit's JAMB CBT App

Correct Answer

Explanation