An asset was purchase for N343m in 2003.
The...
An asset was purchase for N343m in 2003.
The estimated life of the asset was 3 years with a residual value of N28m.
Using the straight method. The depreciation of the asset in the first year was?
N210m
N343m
N105m
N270m
Correct answer is C
No explanation has been provided for this answer.
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