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A machine cost N12,000 and has a useful life of 4 years and an expected disposal value ...

A machine cost N12,000 and has a useful life of 4 years and an expected disposal value of N400.Using the reducing balance method what will be the depreciation charge for year 2 at 20%? (ignoring residual value)
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  • A N3,000
  • B N2,900
  • C N2,400
  • D N1,920
  • E N1,536
Correct Answer: Option D
Explanation:

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