A machine bought for N7 000 was estimated to ha... - WAEC Accounting 1994 Question
A machine bought for N7,000 was estimated to have a useful life of 4 years and a scrap value of N500. Using the straight line method, what was the amount of depreciation charged per annum?
A
N1,313
B
N1,406
C
N1,625
D
N1,750
correct option: c
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