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A machine cost ₦12,000 and has a useful life of 4 years and an expected dispos...


Question

A machine cost ₦12,000 and has a useful life of 4 years and an expected disposal value of ₦400. Using the straight line method, the annual depreciation is

Options

A) ₦3,100

B) ₦3,000

C) ₦2,900

D) ₦2,300

E) ₦2,000

The correct answer is C.


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