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 diminishing balance, what is the net book value at the second year?
A
N512
B
N525
C
N640
D
N700
correct option: c
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