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WAEC Agricultural Science 1998 Question 58

Question 58

Farm Management and Records

A motorised sprayer was purchased at N2,000.00 and sold at N1,000.00 after 5 years. Calculate the annual depreciation of the sprayer.

  1. A.N100.00
  2. B.N200.00
  3. C.N300.00
  4. D.N400.00
  5. E.N500.00
Show the answer and explanation

Answer: B (N200.00)

Explanation

(2,000 − 1,000) ÷ 5 = N200 per year.