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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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