ACCOUNTING

JAMB 2016 - Question 46

Account 2016 JAMB Past Questions - Question 46: A machine bought for N35,000 was estimated to have a life span of 5years with a scrap value of N9,000 The yearly depreciation using the straight line method would be

Use the diagram to answer questions 46
A machine bought for N35,000 was estimated to have a life span of 5years with a scrap value of N9,000
The yearly depreciation using the straight line method would be
A:
B:
C:
D:
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Correct Answer

D

Explanation