Use the information to answer question .
A piece of equipment costing N120,000 was purchased on 1/1/1996. Depreciation was provided at 20% per annum on a straight-line basis. it was sold on 30/6/1999 for N31,500.
The accumulated depreciation provision at the time of sale was?
A N12 000
B N60 000
C N72 000
D N84 000
Answer is D
Follow me on twitter @campusflava for free cash giveaway ( School fees support, Full waec, jamb, neco app activation etc)
