Agricultural Science > 2011 > 56
WASSCE
Calculate the annual depreciation of a farm house using the following data:
(i) The initial cost of farm house = ₦100,000.00
(ii) Expected life span of farm house = 100 years
(iii) Estimated salvage value of farm house = ₦25,000.00
(i) The initial cost of farm house = ₦100,000.00
(ii) Expected life span of farm house = 100 years
(iii) Estimated salvage value of farm house = ₦25,000.00
A.
₦750.00
B.
₦725.00
C.
₦720.00
D.
₦700.00
Answer: A
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