A. fixed capital
B. registered capital
C. nominal capital
D. paid-up capital
E. working capital

Correct Answer:

Option E – working capital

SEE ALSO  A fixed asset was bought for N60,000 on 1st January, 1997. Depreciation was provided at 10% on cost. It was bought for N16,000 on 30th June, 2001. The net book value at the time of sale was?

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