Use the information below to answer this question A machine bought for ₦35,000 was estimated
FINANCIAL
JAMB 2020
Use the information below to answer this question
A machine bought for ₦35,000 was estimated to have a life span of 5 years with a scrap value of ₦9000.
The yearly depreciation using the straight-line method would be
- A. ₦5200
- B. ₦800
- C. ₦6500
- D. ₦4400
Correct Answer: A. ₦5200
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