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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.
If the scrap value is presently ₦15,000 what will be the yearly depreciation using straight-line method?

A. ₦7,000
B. ₦11,000
C. ₦4,000
D. ₦24,000




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