WAEC Accounting 2018 Objective — Question 48
Question 48 of 50 from the West African Examinations Council (WAEC) Accounting 2018 Objective paper, with the correct answer and a full explanation.
Advertisement
Net book value of fixed assets is
- A. Le22,480
- B. Le21,136
- C. Le14,354
- D. Le14,027Correct
Explanation
Net book value = Cost − Accumulated depreciation for motor vehicle and furniture/fittings combined, giving Le14,027.
Advertisement
Sign up free to unlock
- Score tracking
- Practice history
- Saved questions
- Progress dashboard
- Personalized sessions
- Weak-topic breakdown
…and/or go further with premium services and No Ads.