Use the information below to answer this question
A machine bought for ₦35,000 was estimated to have a life span of 5 years with a scrap value of ₦9000.
The yearly depreciation using the straight-line method would be
To calculate the yearly depreciation using the straight-line method, use the formula;
Yearly Depreciation = \(\frac{\text{cost of asset - scrap value}}{\text{useful life}}\)
= \(\frac{35,000 - 9,000}{5}\) = \(\frac{26,000}{5}\) = #5200.
Contributions ({{ comment_count }})
Please wait...
Modal title
Report
Block User
{{ feedback_modal_data.title }}