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 | Jun 6 | 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:

Recent Posts

Products

Health Team Original price was: ₦1,000.00.Current price is: ₦300.00.
Factors Affecting Health in Nigeria Original price was: ₦1,000.00.Current price is: ₦300.00.
Primary Health Care Principles Original price was: ₦1,000.00.Current price is: ₦300.00.
Nigeria Healthcare Tiers Original price was: ₦1,000.00.Current price is: ₦300.00.
Primary Health Care - Health According To WHO - Referral System Original price was: ₦1,000.00.Current price is: ₦300.00.

Product categories

Earn Your Degree In 3 Years Without Writing UTME. Click Here To Learn More.