A machine bought for N35,000 was estimated to have a life span of 5 years with a scrap value of N9,000.
The yearly depreciation using the straight line method would be
-
A.
N8,800 -
B.
N6,500 -
C.
N5,200 -
D.
N4,400
Correct Answer: Option C
Explanation
35000 – 9000 = 26000
26000 * 1/5 = 5200