A plant which costs N1,000 and has a residual value of N1...
A plant which costs N1,000 and has a residual value of N125 is depreciated at 20% per annum. Using the diminishing balance method, what is the amount of depreciation for the second year?
N128
N140
N160
N175
N200
Correct answer is C
No explanation has been provided for this answer.
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