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. ₦100,000
B. ₦90,000
C. ₦80,000
D. ₦60,000
Correct Answer: Option A
A. ₦100,000