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WAEC Agricultural Science 2006 Question 59

Question 59

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 annual depreciation of the equipment is

  1. A.₦33,600
  2. B.₦20,050
  3. C.₦2,050
  4. D.₦2,005
Show the answer and explanation

Answer: C (₦2,050)

Explanation

8,200 ÷ 4 years = ₦2,050 a year.