The accounting year of Fehintola Ltd. ends on 31st December every year. Pant and Machinery purchased on 1st January, Year 1 N600,000
Depreciation rate per anuum, 10%
Scrap value, N60,000. Using the straight line method, what is the cumulative depreciation at the end of yr.3?
a
N216,000
b
N206340
c
N180,000
d
N162,600
e
N162,000
Explanation
Correct Option
cNo explanation available
Video Explanation
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