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.?

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.?

The correct answer is C. N4,000

No explanation given