Use the information below to answer the question that follows, A machine bought for N35,000...
FINANCIAL
JAMB 2016
Use the information below to answer the question that follows,
A machine bought for N35,000 was estimated to have a life span of 5years with a scrap value of N9,000. The yearly depreciation using the straight line method would be?
- A. N5,200
- B. N6,500
- C. N8,800
- D. N4,400
Correct Answer: A. N5,200
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