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Use the information below to answer question An asset was purchase for ₦343m i...


Question

Use the information below to answer question An asset was purchase for ₦343m in 2003.

The estimated life of the asset was 3 years with a residual value of ₦28m.Using the straight method. The depreciation of the asset in the first year was?

Options

A)
₦210m
B)
₦343m
C)
₦105m
D)
₦270m

The correct answer is C.


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