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A machine bought for N35,000 was estimated to have a life span of 5 years with a...


Question

A machine bought for N35,000 was estimated to have a life span of 5 years with a scrap value of N9,000.

If the scrap value is presently N15,000, what will be the yearly depreciation using the straight line method?

Options

A) N4,000

B) N7,000

C) N11,000

D) N24,000

The correct answer is A.


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