WAEC Accounting 2022 Objective — Question 18
Question 18 of 50 from the West African Examinations Council (WAEC) Accounting 2022 Objective paper, with the correct answer and a full explanation.
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The net book value of the machine in the balance sheet as at 31st December 2020 was
- A. D1,080,000
- B. D972,000
- C. D874,800Correct
- D. D787,320
Explanation
NBV as at 2020 = 1,200,000 − 120,000 − 108,000 − 97,200 = D874,800.
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