On January 1/2005, a machine was bought for N56,000 to la...
Use the information below to answer question
On January 1/2005, a machine was bought for N56,000 to last for five years with a residual value of N1000.
The rate of the yearly depreciation expense would be?
50%
40%
30%
20%
Correct answer is D
No explanation has been provided for this answer.
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