Question on: WAEC Accounting - 2009
A motor car costing D100,000 was depreciated at 20% per annum by the diminishing balance method. Two years later, it was sold for D60,000. Using the information, the net book value at the time of sales is
A
D 64,000
B
D 60,000
C
D 40,000
D
D 36,000
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Correct Option: A
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