Question on: JAMB Accounting - 2007
Use the information below to answer question
An asset was purchase for N343m in 2003.
The estimated life of the asset was 3 years with a residual value of N28m.
What was the asset value at the beginning of the third year?
An asset was purchase for N343m in 2003.
The estimated life of the asset was 3 years with a residual value of N28m.
What was the asset value at the beginning of the third year?
A
N63m
B
N133m
C
N36m
D
N28m
Ask EduPadi AI for a detailed answer
Correct Option: D
Add your answer
Please share this, thanks!
No responses