A tractor costing N80,000.00 was sold for N20,000.00 after it has been used for 10 years. what is the salvage value of the tractor? - SchoolNGR

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A tractor costing N80,000.00 was sold for N20,000.00 after it has been used for 10 ...

A tractor costing N80,000.00 was sold for N20,000.00 after it has been used for 10 years. what is the salvage value of the tractor?

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A N20,000.00
B N60,000.00
C N80,000.00
D N100,000.00

Correct Answer: Option A

Explanation:

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