An organization purchased a piece of equipment for N112,0...
An organization purchased a piece of equipment for N112,000. It is expected to be used for 6 years then sold for N16,000. What is the annual amount of depreciation, if the straight-line method is used?
N16,000
N15,000
N12,800
N12,000
Correct answer is A
No explanation has been provided for this answer.
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