Question 30
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
Objective
Question details
- Exam body
- WAEC
- Subject
- Accounts - principles of accounts
- Year
- 2009
- Question no.
- #30
- Type
- Objective
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