Use the information below to answer the question that follows,A machine bought for N35,000 was estimated to have a life span of 5years with a scrap value of N9,000.
If the scrap value is now N15,000. What will be the yearly depreciation using the straight line method.?
-
A.
N11,000 -
B.
N7,000 -
C.
N4,000 -
D.
N24,000