An asset was bought on 1st January 1995 for N60... - WAEC Accounting 2002 Question
An asset was bought on 1st January, 1995 for N60,000. Depreciation was provided for annually at 20% on cost. It was sold for N21,000 on 30th October 1998. Depreciation is charged fully in the year of disposal. The net book value at the time of sale was
A
N39,000
B
N16,000
C
N14,000
D
N12,000
correct option: d
Please share this, thanks:
Add your answer
No responses