Using the reducing balance method, the depreciation charged for year 2002 was

Use the following information to answer the given question

$\begin{array}{c|c} \text{Motor vehicles(at cost) 1/1/2002} & ₦1,000,000\\ \text{Addition to motor vehicles 1/7/2003} & ₦600,000 \\ \text{Depreciation rate 10%} & \end{array}$

Using the straight reducing balance method, the depreciation charged for year 2002 was

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