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|Published on: Jun 5|Categories: 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:A cheque issued in January 1997 which the holder…Accumulated depreciation at the time of sale was?When a fixed asset is fully depreciated, its net…An asset was bought on 1st January, 1995 for…Ola presented his motor-cycle for sale to Musa at a…SEE ALSO The amount carried in the Balance Sheet is classified as?