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, what is the net book value at the second year?
N512
N525
N640
N700
N800
Correct answer is C
No explanation has been provided for this answer.
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