A machine bought for #35,000 was estimated to have a life span of 5 years with a scrap value of #9,000.
A. #4,000
B. #7,000
C. #11,000
D. #24,000
Correct Answer:
Option A – #4,000
Explanation
35,000 – 15000 = 20000
20000/ 5= 4000
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