Accounts - Principles of Accounts jamb 2016

If the scrap value is now N15,000. What will be the yearly depreciation using the straight line method.?

a

N11,000

b

N7,000

c

N4,000

d

N24,000

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Debbie14
5 years ago

Cost - Estimated value ÷ Years of useful life
35,000 - 15,000 ÷ 5 =4,000

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