If the scrap value is now N15,000. What will be the yearly depreciation using the…

Home » Past Questions » Accounts-principles-of-accounts » Jamb » 2016 » If the scrap value is now N15,000. What will be the yearly depreciation using the…
Accounts - Principles of Accounts JAMB 2016
Use the information below to answer the question that follows,

A machine bought for N35,000 was estimated to have a life span of 5years with a scrap value of N9,000.

If the scrap value is now N15,000. What will be the yearly depreciation using the straight line method.?

  • N11,000
  • N7,000
  • N4,000 checkmark
  • N24,000

The correct answer is: C

Explanation

No official explanation is available for this question at this time. Please check contributions posted by others below. If you can provide an explanation to help other student learn.
Previous Question Next Question

Leave A Comment