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A motorized sprayer was purchased at N2,000.0 and sold at N1,000.00 after 5 years. calculate…

A motorized sprayer was purchased at N2,000.0 and sold at N1,000.00 after 5 years. calculate the annual depreciation of the sprayer.
  • A.
    N100.00
  • B.
    N200.00
  • C.
    N300.00
  • D.
    N400.00
  • E.
    N500.00
Correct Answer: Option B
Explanation