Question on: WAEC Accounting - 2003
A fixed asset was bought for N60,000 on 1st January, 1997. Depreciation was provided at 10% on cost. It was bought for N16,000 on 30th June, 2001. The net book value at the time of sale was
A
N33,000
B
N30,000
C
N17,000
D
N16,000
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Correct Option: A
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