Using the straight method. The depreciation of the asset in the first year was?
Use the information below to answer question
An asset was purchase for N343m in 2003.
The estimated life of the asset was 3 years with a residual value of N28m.
Using the straight method. The depreciation of the asset in the first year was?
A N210m
B N343m
C N105m
D N270m
Answer is C
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