Us the following information to answer the question given.
\(\begin{array}{c|c} \text{Cost of motor vehicle – 1\1\12} & ₦ 85,000 \\ \text{Residual value} & ₦5,000 \\ \text{Estimated useful lifespan 10 years} & \end{array}\).
The business make use of the straight line method for providing depreciation, the annual depreciation is
- ₦9,000
- ₦8,500
-
₦8,000
- ₦6,500