| Cost Price (N) | Useful Life (Life) | Salvage value (N) | Annual depreciation (N) | Total depreciation |
| 20000 | Y | 5000 | 1000 annum | 15000 |
| 60000 | 10 | 18000 | 4200 annum | Z |
The useful life represented by Y in the illustrated table is
3 years
4 years
15 years
20 years
Correct answer is C
Cost Price (N) = 20000
Salvage value (N) = 5000
Annual depreciation (N) = 1000
Total depreciation = 15000
The formula to calculate the useful life is:
Useful life = (Cost Price - Salvage value) / Annual depreciation
Now, let's plug in the values:
Useful life = (20000 - 5000) / 1000
Useful life = 15000 / 1000
Useful life = 15 years
Therefore, the useful life represented by Y in the table is 15 years.
Ruminants fed on dried grasses are given feed supplements to ...
Wastage of perishable farm produce is likely due to the following problems except ...
Which of the following statements is true of a pig which has only one testis? ...
Which of the following characteristics is not true of tree species used in alley cropping? ...
Which of the following factors does not influence the distribution of cattle in West Africa? ...
The symptoms of vitamin deficiency diseases in livestock includes the following ...
Which of the following is an example of a pasture commonly used in agriculture? ...
Disease causing organisms are referred to as ...
Horse racing and polo are events where horses are used for ...