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A motor car costing D100,000 was depreciated at 20% per annum by the diminishing ...

A motor car costing D100,000 was depreciated at 20% per annum by the diminishing balance method. Two years later, it was sold for D60,000. Using the information, the net book value at the time of sales is

A. D 64,000
B. D 60,000
C. D 40,000
D. D 36,000




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