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WAEC Agricultural Science 2006 Question 57

Question 57

Farm Management and Records

A farmer purchased a sprayer for ₦12,500 in 1974, at the end of the fourth year; he sold it for ₦4,300. The total depreciation is

  1. A.₦16,800
  2. B.₦8,200
  3. C.₦7,250
  4. D.₦820
Show the answer and explanation

Answer: B (₦8,200)

Explanation

12,500 − 4,300 = ₦8,200.