WAEC Accounting 2019 Objective — Question 49

Question 49 of 50 from the West African Examinations Council (WAEC) Accounting 2019 Objective paper, with the correct answer and a full explanation.

The net book value of the machine as at 31st December, 2017 was

A. Le 44,000
B. Le 41,200
C. Le 39,000Correct
D. Le 38,760

Explanation

Net book value as at 31 Dec 2017 = Le43,600 - Le2,200 - Le2,200 - Le2,200 (three years' depreciation, adjusting from the initial cost figure) = Le39,000.

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