WAEC Accounting 2021 Objective — Question 42
Question 42 of 50 from the West African Examinations Council (WAEC) Accounting 2021 Objective paper, with the correct answer and a full explanation.
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The net book value of the asset at 31/12/19 is
- A. N523,500
- B. N510,000
- C. N433,500Correct
- D. N420,000
Explanation
NBV at end of 2019 = NBV at end of 2018 (N510,000) - Depreciation for 2019 (N76,500) = N433,500.
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