The yearly depreciation using the straight line method would be?

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.

The yearly depreciation using the straight line method would be?

  • N5,200 checkmark
  • N6,500
  • N8,800
  • N4,400

The correct answer is: A

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