passwella.
Menu

WAEC Agricultural Science 2000 Question 60

Question 60

Farm Management and Records

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?

  1. A.N20,000.00
  2. B.N60,000.00
  3. C.N80,000.00
  4. D.N100,000.00.
Show the answer and explanation

Answer: A (N20,000.00)

Explanation

The salvage value is the price at disposal: N20,000.