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Use the following information to answer this question
A fixed asset was bought for ₦60,000 on 1st January, 1997. Depreciation was provided at 10% on cost. It was sold for ₦16,000 on 30th June, 2001.
The net book value at the time of sale was
A.
₦33,000
B.
₦30,000
C.
₦17,000
D.
₦16,000
Answer: A
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