A machine bought for N35,000 was estimated to have a life span of 5 years with a scrap value of N9,000.
The yearly depreciation using the straight line method would be
- N8,800
- N6,500
-
N5,200
- N4,400
The correct answer is: C
Explanation
35000 - 9000 = 26000
26000 * 1/5 = 5200