Use the information below to answer questions .
On January 1/2005, a machine was bought for N56,000 to last for five years with a residual value of N1000.
A. 50%
B. 40%
C. 30%
D. 20%
Correct Answer:
Option D – 20%
Use the information below to answer questions .
On January 1/2005, a machine was bought for N56,000 to last for five years with a residual value of N1000.
A. 50%
B. 40%
C. 30%
D. 20%
Correct Answer:
Option D – 20%
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