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

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ACCOUNTING

JAMB 2006 - Question 2

Account 2006 JAMB Past Questions - Question 2: On January 1 2005, a machine was bought for N56 000 to last for 5 years with a residual value of N1 000. Calculate the yearly depreciation expense using the straight line method.

Choose the most appropriate option for the gap .

On January 1 2005, a machine was bought for N56 000 to last for 5 years with a residual value of N1 000.
Calculate the yearly depreciation expense using the straight line method.

A: #11000

B: N11 200

C: N11 400

D: N11 300

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ACCOUNTING

Account 2006 JAMB Past Questions - Question 2: On January 1 2005, a machine was bought for N56 000 to last for 5 years with a residual value of N1 000. Calculate the yearly depreciation expense using the straight line method.

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Correct Answer

Explanation