A motor vehicle bought for N16,000 was estimated to have a useful life span of 4 years and a scrap of N2,000. Using the straight line method, what is the amount of depreciation charged per annum? By: Sunday|Published on: Jun 6|Categories: Accounting WAEC| 0 comments A. N9,000 B. N5,500 C. N4,000 D. N3,500 Correct Answer: Option D D. N3,500 Users Also Read These:The yearly depreciation using the straight-line…A motor car costing D100,000 was depreciated at 20%…If the scrap value is presently #15000. What will be…Ola presented his motor-cycle for sale to Musa at a…The accumulated depreciation at the end of year 3…SEE ALSO The two accounts that are normally opened in the head office when goods are transferred to a branch are?