Asa Company bought a vehicle worth N20 000 and ... - JAMB Accounting 1999 Question
Asa Company bought a vehicle worth N20,000 and the vehicle is to be depreciated at 5%. Using the reducing balance method of depreciation, what would be the value of the asset after 3 years?
A
N19,000.00
B
N18,050.50
C
N17,147.50
D
16,290.13
correct option: c
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