Use the following information to answer the given question
| Motor vehicles(at cost) 1/1/2002 | ₦1,000,000 |
| Addition to motor vehicles 1/7/2003 | ₦600,000 |
| Depreciation rate 10% |
A. ₦160,000
B. ₦150,000
C. ₦130,000
D. ₦120,000
Correct Answer: Option B
B. ₦150,000
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