A farmer bought a farm implement for N12,500 in 2007. At the end of the
AGRICULTURE
JAMB 2021
A farmer bought a farm implement for N12,500 in 2007. At the end of the fourth year, he sold it for N4,300. The annual depreciation of the implement is
- A. N4,300
- B. N3,125
- C. N2,050
- D. N1,075
Correct Answer: C. N2,050
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