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
Correct Answer: Option D
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