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Use the following information to answer the given questio...

Use the following information to answer the given question


NFurniture and Fittings15,000Land and building40,000Motor Vehicles25,000Stock10,000Debtors27,000Cash in hand2,000Bank overdraft17,500Profit and loss b/d28,000Rent owing800Sundry creditors22,000


The value of total fixed assets is

A.

N119,500

B.

N90,000

C.

N80,000

D.

N79,200

E.

N68,300

Correct answer is C

No explanation has been provided for this answer.