Use the information to answer the question.A piece of equipment costing ₦120,0...
Question
Use the information to answer the question.
A piece of equipment costing ₦120,000 was purchased on 1/1/1996. Depreciation was provided at 20% per annum on a straight-line basis. It was sold on 30/6/1999 for ₦31,500.
The accumulated depreciation provision at the time of sale was
Options
A)
₦12 000
B)
₦60 000
C)
₦72 000
D)
₦84 000
The correct answer is D.
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