A machine cost N12,000 and has a useful life of 4 years and an expected...

WAEC 1989

A machine cost N12,000 and has a useful life of 4 years and an expected disposal value of N400. Using the straight line method, the annual depreciation is

A. N3,100
B. N3,000
C. N2,900
D. N2,300
E. N2,000

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Correct Answer: Option C

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