Which of the following is true in public sector accounting? Cost of assets is

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

jamb 2015 accounting

The correct answer is B. expensed in the year of purchase

In government account, assets are written off in their year of purchase.

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