by: Admin_LouisPosted on:

Using the straight line method, what is the amount of depreciation charged per annum?

The cost of a machine is ₦10,000. The residual value is ₦4,000. It is expected to last for 4 years. Using the straight line method, what is the amount of depreciation charged per annum?

A

6000

B

1000

C

1500

D2500

Answer is C

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