JAMB - Agricultural Science (2021 - No. 29)
A farmer bought a farm implement for ₦12,500 in 2007. At the end of the fourth year, he sold it for ₦4,300. The annual depreciation of the implement is
₦4,300
₦3,125
₦2,050
₦1,075
설명
Cost price in 2007 - ₦12,500
Year of usage = 4 years
Selling Price = ₦4,300
Annual Depreciation \(\frac{₦12,500 - ₦4,300}{4}\)
= \(\frac{₦8,200}{4}\) = ₦2,050