WAEC Commerce 2016 Objective — Question 15
Question 15 of 50 from the West African Examinations Council (WAEC) Commerce 2016 Objective paper, with the correct answer and a full explanation.
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15. The value of fixed asset is A. #72,000 B. #47,000 C. #35,000 D. #25,000
- A. #72,000
- B. #47,000Correct
- C. #35,000
- D. #25,000
Explanation
Fixed assets include all tangible asset or property of an organisation that are not used up within a year such as land and building, freehold premises, motor van, equipment, furniture and fittings etc. = Premises 32,000+Motor vehicle 15,000=#47,000.
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