Use the information to answer the question given.
Cost of motor vehicle – 1\1\12₦85,000 Residual value₦5,000 Estimated useful lifespan 10 years.
The business make use of the straight line method for providing depreciation, the accumulated depreciation as at 31/12/2013 is
A ₦18,500
B ₦17,000
C ₦16,000
D ₦8,000
Answer is C
