MACHINERY
Historical cost ₦6,000,000.00
Estimated useful life 20 years
Residual value ₦25,000.00
Date of acquisition 1/1/71
Depreciation method Straight line
Accumulated depreciation on the asset as at 31/12/81 was
Options
A) ₦2,487,500.00
B) ₦2,736,250.00 >>>>>>>>>>
C) ₦4,511,192.00
D) ₦4,975,000.00
The correct answer is B.
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