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WAEC Agricultural Science 2006 Question 58

Question 58

Farm Management and Records

A farmer purchased a sprayer for ₦12,500 in 1974, at the end of the fourth year; he sold it for ₦4,300. The salvage value is

  1. A.₦1,075
  2. B.₦2,150
  3. C.₦4,300
  4. D.₦8,400
Show the answer and explanation

Answer: C (₦4,300)

Explanation

The salvage value is the selling price at the end: ₦4,300.