A farmer purchased a sprayer for N12,500 in 1974, at the end of the fourth...

WAEC 2006

A farmer purchased a sprayer for N12,500 in 1974, at the end of the fourth year, he sold it for N4,300. The annual depreciation of the equipment is

A. N33,600
B. N20,050
C. N2,050
D. N2,005

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Correct Answer: Option C

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A farmer purchased a sprayer for N12,500 in 1974, at the end of the fourth...

Correct Answer: Option C

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