ACCOUNTING

JAMB 2013 - Question 13

Account 2013 JAMB Past Questions - Question 13: A machine bought for N35,000 was estimated to have a life span of 5 years with a scrap value of N 9,000. If the scrap value is presently N15,000 what will be the yearly depreciation using straight line method?

Choose the most appropriate option for the gap .
A machine bought for N35,000 was estimated to have a life span of 5 years with a scrap value of N 9,000.
If the scrap value is presently N15,000 what will be the yearly depreciation using straight line method?
A:
B:
C:
D:
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Correct Answer

B

Explanation