by: Admin_LouisPosted on:

If the scrap value is presently #15,000 what will be the yearly depreciation using straight line method?

A machine bought for #35,000 was estimated to have a life span of 5 years with a scrap value of #9,000.

If the scrap value is presently #15,000 what will be the yearly depreciation using straight line method?

A #4,000

B #7,000

C #11,000

D #24,000

Answer is A

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