by: Admin_LouisPosted on:

Using sum-of-the-years digit method, what is the second year depreciation provision of the motor vehicle?

On 1 January 2013 a motor vehicle, with the expected useful life span of 5 years and residual value of N100,000, was acquired for N1,600,000. Using sum-of-the-years digit method, what is the second year depreciation provision of the motor vehicle?
N400,000
N426,000
N530,000
N540,000

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