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Accounts (Principles of Accounts) · Depreciation of non-current assets

Accounts (Principles of Accounts)Depreciation of non-current assetsWAEC

A machine cost ₦500,000 with a residual value of ₦50,000 and a life of 5 years. Straight-line depreciation per year is

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Answer: B. ₦90,000

(500,000 − 50,000) ÷ 5.

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