A machine cost N12,000 and has a useful life of 4 years and an expected disposal value of N400.Using the reducing balance method what will be the depreciation charge for year 2 at 20%? (ignoring residual value)
A.
N3,000
B.
N2,900
C.
N2,400
D.
N1,920
E.
N1,536
Correct Answer: Option D
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