Use the following information to answer this question.
Cost of assets (01/01/18) ₦ 600,000. Annual depreciation charge is 15% on reducing balance basis.

The net book value of the asset at 31/12/19 is

a

₦523,500

b

₦510,000

c

₦433,500

d

₦420,000

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Correct Option
c

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