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Use the information below to answer this question A machine bought for ₦35,000 was ...

Use the information below to answer this question
A machine bought for ₦35,000 was estimated to have a life span of 5 years with a scrap value of ₦9000.

The yearly depreciation using the straight-line method would be
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  • A ₦5200
  • B ₦800
  • C ₦6500
  • D ₦4400
Correct Answer: Option A
Explanation:

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