Question 24

When a fixed asset is fully depreciated, its net book value is

  • A.equal to its original cost
  • B.twice its original cost
  • C.equal to its current market value
  • D.the difference between its cost and market value
  • E.equal to zero
Objective

Question details

Exam body
WAEC
Subject
Accounts - principles of accounts
Year
1998
Question no.
#24
Type
Objective

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