Home » Accounts (Principles of Accounts) » Where there is a loss on disposal of a fixed asset, it meansWhere there is a loss on disposal of a fixed asset, it means Where there is a loss on disposal of a fixed asset, it means A. depreciation has been underestimated B. depreciation has been overestimated C. scrap value has not been estimated D. depreciation method used is inappropriate Correct Answer: Option B Explanation Related Posts If the scrap value is presently N15,000, what will be the yearly depreciation using the… If Aboki Holdings Limited issued 120, 000 ordinary share of N2.00 each at market value… A company goods sent to branch at invoiced price is ₦30,870 at cost plus 25%…. Which of the following is not a proper form of the accounting equation The effect of the payment of liability is that it An overdraft is usually shown as a
