ACCOUNTING

JAMB 2016 - Question 45

Account 2016 JAMB Past Questions - Question 45: 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 now N15, 000. what will be the yearly depreciation using straight line method?

Use the information below to answer the question that follows.
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 now N15, 000. what will be the yearly depreciation using straight line method?
A:
B:
C:
D:
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Correct Answer

C

Explanation