by: Admin_LouisPosted on:

If the scrap value is now N15,000. What will be the yearly depreciation using the straight line method.?

Use the information below to answer the question that follows,

A machine bought for N35,000 was estimated to have a life span of 5years with a scrap value of N9,000. If the scrap value is now N15,000. What will be the yearly depreciation using the straight line method.?

A N11,000

B N7,000

C N4,000

D N24,000

Answer is C

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