A machine cost N12,000 and has a useful life of 4 years and an expected disposal value of N400. Using the reducing balance method what will be the depreciation charge for year 2 at 20%? (ignoring residual value)
A. N3,000
B. N2,900
C. N2,400
D. N1,920
E. N1,536
Correct Answer:
Option D – N1,920
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