WAEC - Accounts Principles Of Accounts (2021 - No. 42)

Use the following information to answer this question.
Cost of assets (01/01/18) ₦ 600,000. Annual depreciation charge is 15% on reducing balance basis.

The net book value of the asset at 31/12/19 is

₦523,500
₦510,000
₦433,500
₦420,000

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