The yearly depreciation using the straight-line method would be?

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