JAMB Principles of Accounts 2001 Question 14

Use the information below to answer questions 14 and 15.
Palaju Enterprises had fixed assets of ₦3,100,000 at the end of the year. Fixed assets costing ₦900,000 with provision for depreciation of ₦150,000 were disposed of during the period. Fixed assets of ₦100,000 were added during the year. Provision for depreciation was ₦350,000 at the beginning of the year and ₦300,000 at the end of the year.
What was the value of fixed assets at the beginning of the year?

1. A.₦2,900,000
2. B.₦3,800,000
3. C.₦3,900,000
4. D.₦4,000,000.