Use the following information to answer this question.

Acquisition cost of computers - Le 80,000

Installation cost - Le 20,000

Estimated residual value - Le 4,000

Estimated useful life - 5 years.

The depreciable value of computers is

  • A Le 80,000
  • B Le 96,000
  • C Le 100,000
  • D Le 104,000
waec 2016accounting

The correct answer is B. Le 96,000

80,000 + 20,000 = 100,000

100,000 - 4000 = 96,000

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