Use the information to answer the question given. \(\begin{array}{c|c} \text{Cost of motor vehicle - 1\1\12} & ₦ 85,000\\ \text{Residual value} & ₦5,000 \\ ...

To calculate the accumulated depreciation, we need to find the annual depreciation first. We can calculate this using the straight-line method: Annual depreciation = (Cost - Residual value) / Estimated useful lifespan Annual depreciation = (₦85,000 - ₦5,000) / 10 Annual depreciation = ₦8,000 Now, to find the accumulated depreciation as at 31/12/2013, we need to calculate the number of years from 1/1/12 to 31/12/13. This is 2 years. Accumulated depreciation = Annual depreciation x Number of years Accumulated depreciation = ₦8,000 x 2 Accumulated depreciation = ₦16,000 Therefore, the accumulated depreciation as at 31/12/2013 is ₦16,000. Option (C) is the correct answer.