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WAEC Agricultural Science 2015 Question 44

Question 44

Farm Management and Records

A farmer bought a farm implement for N12,500 in 2007. At the end of the fourth year, he sold it for N4,300.
Calculate the total depreciation of the implement.

  1. A.N16,800.
  2. B.N8,200.
  3. C.N3,125.
  4. D.N1,075
Show the answer and explanation

Answer: B (N8,200.)

Explanation

Total depreciation = cost − sale value = 12,500 − 4,300 = N8,200.