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JAMB Accounting 2023 Objective — Question 21

Question 21 of 40 from the Joint Admissions and Matriculation Board (JAMB) Accounting 2023 Objective paper, with the correct answer and a full explanation.

The annual depreciation value is A.

A. #20,000
B. #19,000
C. #10,000
D. #18,000Correct

Explanation

Depreciation = (cost-scrap value)/life span = (#100,000-#10,000)/5 = #18,000.

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