GCE Financial Accounting 1989 Question 37

A machine cost ₦12,000 and has a useful life of 4 years and an expected disposal value of ₦400. The accumulated depreciation at the end of year 3 using the straight line method is

1. A.₦9,300
2. B.₦9,000
3. C.₦8,700
4. D.₦6,900
5. E.₦6,000