A machine cost N12000 and has a useful life of 4 years and an expected disposal value of N400. Using the straight line method, the annual depreciation is by Sunday | Aug 20 | Accounting WAEC | 0 comments A. N3,100 B. N3,000 C. N2,900 D. N2,300 E. N2,000 Correct Answer: Option C – N2,900 Users Also Read These:An asset was bought on 1st January, 1995 for…The cost of a machine is ₦10,000. The residual value…Jeng Limited disposed of a fixed asset in 1999 for…The yearly depreciation using the straight-line…Calculate the annual depreciation of farm machinery…