If machine X cost 600 000 with anticipated life... - JAMB Accounting 2014 Question
If machine X cost #600,000 with anticipated life span of five years and estimated scrap value of #50,000, using straight line method; depreciation charged for two years will be
A
#700,000
B
#240,000
C
#220,000
D
#202,000
correct option: c
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