A plant which costs N1 000 and has a residual v... - WAEC Accounting 1994 Question
A plant which costs N1,000 and has a residual value of N125 is depreciated at 20% per annum. Using the straight-line method, what is the depreciation charge for the second year?
A
N128
B
N140
C
N160
D
N175
correct option: d
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