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 reducing balance method, what is the amount of depreciation for the second year?
N1,313
N1,406
N1,625
N1,750
N1,875
Correct answer is A
No explanation has been provided for this answer.
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