Question on: JAMB Accounting - 1999
Asa Company bought a vehicle worth N20,000 and the vehicle is to be depreciated at 5%. Using the reducing balance method of depreciation, what would be the value of the asset after 3 years?
A
N19,000.00
B
N18,050.50
C
N17,147.50
D
16,290.13
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Correct Option: C
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