A machine bought for #35,000 was estimated to have a life span of 5 years with a scrap value of #9,000.
If the scrap value is presently #15,000 what will be the yearly depreciation using straight line method?
a
#4,000
b
#7,000
c
#11,000
d
#24,000
Explanation
Correct Option
aVideo Explanation
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