Use the information below to answer questions O... - JAMB Accounting 2006 Question
Use the information below to answer questions .
On January 1/2005, a machine was bought for N56,000 to last for five years with a residual value of N1000.
Calculate the yearly depreciation expense using the straight line method.
On January 1/2005, a machine was bought for N56,000 to last for five years with a residual value of N1000.
Calculate the yearly depreciation expense using the straight line method.
A
N11 000
B
N11 200
C
N11 400
D
N11 300
correct option: a
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