Us the following 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 annual depreciation is
A ₦9,000
B ₦8,500
C ₦8,000
D ₦6,500
Answer is C
