If the equipment account has a balance of ?22,500 and its accumulated account has a
FINANCIAL
POST UTME OAU
If the equipment account has a balance of ?22,500 and its accumulated account has a balance of ?14,000 the book value of the equipment is:
- A) ?22,500
- B) ?8,500
- C) ?14,000
- D) ?36,500
Correct Answer: B) ?8,500
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