A plant which costs N1,000 and has a residual value of N125 is depreciated at 20% per annum. Using the diminishing balance method, what is the amount of depreciation for the second year?
A. N128
B. N140
C. N160
D. N175
E. N200
Correct Answer:
Option C – N140
100 Level Department of Food Technology exam questions and detailed answers. Download the answers in document…
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