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When a fixed asset is fully depreciated, its net book value is
Classroom
Accounts - Principles of Accounts Classroom
Waec
Waec 1998
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When a fixed asset is fully depreciated, its net book value is
SchoolNGR Classroom
Take Free Practice Test On 2026 JAMB UTME, Post UTME, WAEC SSCE, GCE, NECO SSCE
A
Equal to its original cost
B
Twice its original cost
C
Equal to its current market value
D
The difference between its cost and market value
E
Equal to zero
Show Answer
Show Explanation
Correct Answer:
Option E
Explanation:
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Accounts - Principles of Accounts
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