Use the following information to answer this question. Cost of assets (01/01/18) ₦ 600,000. Annual depreciation...

Use the following information to answer this question. Cost of assets (01/01/18) ₦ 600,000. Annual depreciation...

WAEC 2021

Use the following information to answer this question.
Cost of assets (01/01/18) ₦ 600,000. Annual depreciation charge is 15% on reducing balance basis.

Depreciation for the year 2019 is

A. ₦180,000
B. ₦166,500
C. ₦90,000
D. ₦76,500

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Correct Answer: Option D

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