Us the following information to answer the ques... - WAEC Accounting 2014 Question
Us the following information to answer the question given.
\(\begin{array}{c|c} \text{Cost of motor vehicle - 1\1\12} & ₦ 85,000 \ \text{Residual value} & ₦5,000 \ \text{Estimated useful lifespan 10 years} & \end{array}\).
The business make use of the straight line method for providing depreciation, the annual depreciation is
\(\begin{array}{c|c} \text{Cost of motor vehicle - 1\1\12} & ₦ 85,000 \ \text{Residual value} & ₦5,000 \ \text{Estimated useful lifespan 10 years} & \end{array}\).
The business make use of the straight line method for providing depreciation, the annual depreciation is
A
₦9,000
B
₦8,500
C
₦8,000
D
₦6,500
correct option: c
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