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? by Sunday | Jun 5 | Accounting WAEC | 0 comments A. N33,000 B. N30,000 C. N17,000 D. N16,000 Correct Answer: Option A A. N33,000 Users Also Read These:An asset was bought on 1st January, 1995 for…A club received rent N10,000 and donation N30,000.…A cheque issued in January 1997 which the holder…A method of charging depreciation at a fixed…Ola presented his motor-cycle for sale to Musa at a…