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The yearly depreciation using the straight line method would be?

Accounts - Principles of Accounts
JAMB 2016
Use the information below to answer the question that follows,

A machine bought for N35,000 was estimated to have a life span of 5years with a scrap value of N9,000.
The yearly depreciation using the straight line method would be?
  • A. N5,200
  • B. N6,500
  • C. N8,800
  • D. N4,400
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Correct Answer: Option A
Explanation
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