A motor car costing D100,000 was depreciated at 20% per a...
A motor car costing D100,000 was depreciated at 20% per annum by the diminishing balance method. Two years later, it was sold for D60,000. Using the information, the net book value at the time of sales is
D64,000
D60,000
D40,000
D36,000
Correct answer is A
No explanation has been provided for this answer.
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