Determine the cost price of a farm equipment that has a salvage value of N500,000.00,…

Agricultural Science WAEC 2012

Determine the cost price of a farm equipment that has a salvage value of N500,000.00, a useful life of 10 years and an annual depreciation of N400,000.00.

  • N500,000.00
  • N900,000.00
  • N4,500,000.00 checkmark
  • N5,500,000.00

The correct answer is: C

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