Which of the following is true in public sector accounting? Cost of assets is
A depreciated on straight line method
B expensed in the year of purchase
C charged to federation account
D depreciated on reducing balance method
Answer is B
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Which of the following is true in public sector accounting? Cost of assets is
A depreciated on straight line method
B expensed in the year of purchase
C charged to federation account
D depreciated on reducing balance method
Answer is B