Use the following information to answeer questions below
Kako Ltd bought a machine for D 1,200,000 on 1st January 2018. Depreciation was provided annually at a rate of 10% using the diminishing balance method. The machine was sold for D 880,000 on 31st December 2021.
The net book value of the machine in the balance sheet as at 31st December 2020 was
a
D 874,800
b
D 972,000
c
D 1,080,000
d
D 787,320
Explanation
Correct Option
aVideo Explanation
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