Use the following information to answer the question
Sammy acquired plant an machinery costing ₦120,000 with an estimated useful life of 4 years and residual value of ₦2,000. The sum of the year digits method is used.
The depreciation to be charged for the third year will be
a
₦3,000
b
₦4,000
c
₦1,000
d
₦2,000
Explanation
Correct Option
bNo explanation available
Video Explanation
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