A machine bought for 35 000 was estimated to ha... - JAMB Accounting 2013 Question
A machine bought for #35,000 was estimated to have a life span of 5 years with a scrap value of #9,000.
If the scrap value is presently #15,000 what will be the yearly depreciation using straight line method?
If the scrap value is presently #15,000 what will be the yearly depreciation using straight line method?
A
#4,000
B
#7,000
C
#11,000
D
#24,000
correct option: a
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