JAMB - Accounts Principles Of Accounts (2016 - No. 45)

Use the information below to answer the question that follows,

A machine bought for N35,000 was estimated to have a life span of 5years with a scrap value of N9,000.
Use the information below to answer the question that follows,

A machine bought for N35,000 was estimated to have a life span of 5years with a scrap value of N9,000.
Use the information below to answer the question that follows,

A machine bought for N35,000 was estimated to have a life span of 5years with a scrap value of N9,000.
The yearly depreciation using the straight line method would be?
N5,200
N6,500
N8,800
N4,400

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