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A machine bought for #35,000 was estimated to have a life span of 5 years with a...


Question

A machine bought for #35,000 was estimated to have a life span of 5 years with a scrap value of #9,000.If the scrap value is presently #15,000 what will be the yearly depreciation using straight line method?

Options

A) #4,000

B) #7,000

C) #11,000

D) #24,000

The correct answer is A.


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