A machine bought for N35,000 was estimated to have a life span of 5 years with a scrap value of N9,000.
A. N8,800
B. N6,500
C. N5,200
D. N4,400
Correct Answer:
Option C – N5,200
Explanation
35000 – 9000 = 26000
26000 * 1/5 = 5200
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