A machine cost 12 500 it will be kept for 4 yea... - JAMB Accounting 2019 Question
A machine cost ₦12,500 it will be kept for 4 years and then sold at a scrap value of ₦5,120. Using the diminishing balance method, what is the amount of depreciation for second year?
A
₦5,120
B
₦6,400
C
₦8,000
D
₦12,500
correct option: c
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