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
Correct Answer: Option B
Explanation
80,000 + 20,000 = 100,000
100,000 – 4000 = 96,000