A machine bought for #35,000 was estimated to have a life span of 5 years with a scrap value of #9,000. If the scrap value is presently #15,000 what will be the yearly depreciation using straight line method?

A machine bought for #35,000 was estimated to have a life span of 5 years with a scrap value of #9,000.

If the scrap value is presently #15,000 what will be the yearly depreciation using straight line method?

The correct answer is A. #4,000

35,000 - 15000 = 20000

20000/ 5= 4000