The accounting year of Fehintola Ltd. ends on 31st December every year. Pant and Machinery purchased on 1st January, Year 1 N600,000

Depreciation rate per anuum, 10%

Scrap value, N60,000.

Using reducing balance method, what is the depreciation for Yr. 2?

• A N160,000
• B N114,000
• C N60,000
• D N54,000
• E N48,000