Straight-line depreciation of asset costing ₦600,000 with residual ₦60,000 over 5 years:
A₦108,000CORRECT
B₦120,000
C₦100,000
D₦60,000
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Why the answer is A, and why the others tempt you.
(600,000 − 60,000) / 5 = 108,000 per year.
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