Us the following information to answer the question given.
(begin{array}{c|c} text{Cost of motor vehicle – 1112} & ₦ 85,000 \ text{Residual value} & ₦5,000 \ text{Estimated useful lifespan 10 years} & end{array}).
The business make use of the straight line method for providing depreciation, the annual depreciation is
(begin{array}{c|c} text{Cost of motor vehicle – 1112} & ₦ 85,000 \ text{Residual value} & ₦5,000 \ text{Estimated useful lifespan 10 years} & end{array}).
The business make use of the straight line method for providing depreciation, the annual depreciation is
-
A.
₦9,000 -
B.
₦8,500 -
C.
₦8,000 -
D.
₦6,500