WAEC Agricultural Science 1999 Question 58

Calculate the salvage value of a tractor with a depreciation value of ₦10,580.00 and initial cost of ₦50,000.00 after a year of use.

1. A.₦10,580.00
2. B.₦30,290.00
3. C.₦39,420.00
4. D.₦60,580.00