A machine bought for N7,000 was estimated to have a usefu...
A machine bought for N7,000 was estimated to have a useful life of 4 years and a scrap value of N500. Using the straight line method, what was the amount of depreciation charged per annum?
N1,313
N1,406
N1,625
N1,750
N1,875
Correct answer is C
No explanation has been provided for this answer.
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