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Use the information below to answer the question that follows,A machine bought ...


Question

Use the information below to answer the question that follows,

A machine bought for ₦35,000 was estimated to have a life span of 5years with a scrap value of ₦9,000.

The yearly depreciation using the straight line method would be?

Options

A) ₦5,200

B) ₦6,500

C) ₦8,800

D) ₦4,400

The correct answer is A.


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