Use the 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 accumulated depreciation as at 31/12/2013 is
- ₦18,500
- ₦17,000
-
₦16,000
- ₦8,000