A financial plan of action expressed in monetary terms is known as?

The profit on sale was?

Use the following information to answer this question An asset was bought on 1st January, 1992 for N20,000. Depreciation was provided for annually at 20% on cost. It was sold for N7,000 on 1st July, 1995. A. N8.00 B. N7,000 C. N6,000 D. N5,000 E. N1,000 Correct...

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