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WASSCE
Use the following information to answer this question.
A motor car costing D100,000 was depreciated at 2% per annum by the diminishing balance method. Two years later, it was sold for D60,000
The net book value at the time of sale is
A.
D 64,000
B.
D 60,000
C.
D 40,000
D.
D 36,000
Answer: A
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