WAEC Financial Accounting 2026 Question 22

Use the following information to answer questions 22 and 23.
Cost of motor vehicles (1/1/2018): Le 170,000
Residual value: Le 10,000
Estimated useful life of the asset is 10 years
The business makes use of straight-line method of providing for depreciation.
The annual depreciation is

1. A.Le 18,000
2. B.Le 17,000
3. C.Le 16,000
4. D.Le 15,000