A fixed asset was bought for N60 000 on 1st Jan... - WAEC Accounting 2003 Question
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
correct option: a
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