A farmer bought a farm implement for ₦12,500 in 2007 . At the end of the fourt...
Question
A farmer bought a farm implement for ₦12,500 in 2007 . At the end of the fourth year he sold if for ₦4,300. Use information to answer the question.
The annual depreciation of the implement is
Options
A)
₦4,300
B)
₦3,125
C)
₦2,050
D)
₦1075
The correct answer is B.
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Discussion (4)
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The answer is C not B
I think is c not b
Same here
Answer is c
Implement-scrap value /years of useful life
12500-4300=8200
8200/4=2050