A motor vehicle bought for N16,000 was estimated to have ...
A motor vehicle bought for N16,000 was estimated to have a useful life span of 4 years and a scrap of N2,000. Using the straight line method, what is the amount of depreciation charged per annum?
N9,000
N5,500
N4,000
N3,500
Correct answer is D
No explanation has been provided for this answer.
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