Calculate the value of fixed assets?

Capital………………N…………N……..
Land and building…….18470……..24000….
Mortgage on premises……………….11090…
Drawings……………3000……………….
Profit and loss……………………3600…
Furniture and fittings…5120……………..
Motor Vehicles………..3462…………….
Closing Stock…………3000…………….
Debtors………………11474……………
Creditors…………………………7354.
Cash…………………1518…………….
……………………..46044………46044

A. N15 992
B. N18 470
C. N27 000
D. N27 052

Correct Answer:

Option D – N27 052