| Cost Price (N) | Useful life (Years) | Salvage value (N) | Annual depreciation (N) | Total depreciation |
| 20000 | Y | 5000 | 1000 annum | 15000 |
| 60000 | 10 | 18000 | 4200 annum | Z |
The total depreciation represented by Z in the illustrated table is
N42,000
N78,000
N22,200
N55,800
Correct answer is A
Cost Price (N) = 60000
Salvage value (N) = 18000
Annual depreciation (N) = 4200
Useful life (Years) = 10
The formula to calculate the total depreciation is:
Total depreciation = (Cost Price - Salvage value) / Useful life
Now, let's plug in the values:
Total depreciation = (60000 - 18000) / 10
Total depreciation = 42000 / 10
Total depreciation = 4200
Therefore, the total depreciation represented by Z in the table is N 42,000.
The function of the mouldboard in a mouldboard plough is to ...
Selection and hybridization are all methods of animal ...
Parboiling is carried out in the processing of rice in order to ...
A fruit which will not normally be used in the manufacture of jam is ...
Which of the following tools are used in soil analysis? I. pH meter II. Sieve III. Hygrometer ...
The annual depreciation of the implement is ...
Which of the following groups of crops grow best in the savanna zones of West Africa? ...
Which of the following crops is usually classified as a vegetable? ...
The most effective method of controlling ectoparasites in farm animals is by regular ...
Which of the following statement about land is not correct? ...