The accumulated depreciation at the end of year 3 using the straight line method is?

A machine cost N12,000 and has a useful life of 4 years and an expected disposal value of N400. The accumulated depreciation at the end of year 3 using the straight line method is

A. N9,300
B. N9,000
C. N8,700
D. N6,900
E. N6,000

Correct Answer:

Option C – N8,700