Use the information below to answer this questionA machine bought for ₦35,000 was...
Question
Use the information below to answer this question
A machine bought for ₦35,000 was estimated to have a life span of 5 years with a scrap value of ₦9000.
The yearly depreciation using the straight-line method would be
Options
A)
₦5200
B)
₦800
C)
₦6500
D)
₦4400
The correct answer is A.
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