| Price of the computer = ` 50000 |
| Residual value = ` 10000 |
| Hours worked for the year = 4000 hrs |
| Estimated life of the computer = 20000 hrs |
| Calculate the amount of depreciation. |
A) ` 15000
B) ` 8000
C) ` 20000
D) ` 24000
Correct Answer: B
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