A motor vehicle bought for N16,000 was estimated to have ...
A motor vehicle bought for N16,000 was estimated to have a useful life span of 4 years and a scrap of N2,000. What is the net book value of the motor vehicle at the end of the third year, using the straight line method?
N9,000
N5,500
N3,500
N2,000
Correct answer is B
No explanation has been provided for this answer.
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