WAEC - Agricultural Science (2023 - No. 10)
Study the table below and use it to answer the question
| Cost Price (N) | Useful life (Years) | Salvage value (N) | Annual depreciation (N) | Total depreciation |
| 20000 | Y | 5000 | 1000 annum | 15000 |
| 60000 | 10 | 18000 | 4200 annum | Z |
The total depreciation represented by Z in the illustrated table is
N 42,000
N78,000
N 22,200
N 55,800
Explanation
Cost Price (N) = 60000
Salvage value (N) = 18000
Annual depreciation (N) = 4200
Useful life (Years) = 10
The formula to calculate the total depreciation is:
Total depreciation = Cost Price - Salvage value = 60000 - 18000
Therefore, the total depreciation represented by Z in the table is N 42,000.
Salvage value (N) = 18000
Annual depreciation (N) = 4200
Useful life (Years) = 10
The formula to calculate the total depreciation is:
Total depreciation = Cost Price - Salvage value = 60000 - 18000
Therefore, the total depreciation represented by Z in the table is N 42,000.
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