JAMB Commerce 2009 Question 31

Ojo's Balance Sheet as at 31st December, 2006
Capital ₦10,000; Drawings ₦600 = ₦9 400; Profit ₦6 200 = ₦15 600; Creditors ₦1 800; Total ₦17 400
Land and building ₦12000; Fittings ₦850; Motor vans ₦1600; Cash ₦2150; Prepayments ₦700; Debtors ₦100; Total ₦17 400
10% is charged on depreciation of fixed assets.
Determine the value of Ojo's fixed assets

1. A.₦14450
2. B.₦13450
3. C.₦13005
4. D.₦12005