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.
the rate of the yearly depreciation expense would be?
On January 1/2005, a machine was bought for N56,000 to last for five years with a residual value of N1000.
the rate of the yearly depreciation expense would be?
A
50%
B
40%
C
30%
D
20%
correct option: d
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