Asa Company bought a vehicle worth N20,000 and the vehicl...
Asa Company bought a vehicle worth N20,000 and the vehicle is to be depreciated at 5%. Using the reducing balance method of depreciation, what would be the value of the asset after 3 years?
N19,000.00
N18,050.50
N17,147.50
N16,290.13
Correct answer is C
No explanation has been provided for this answer.
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