WAEC Financial Accounting 2019 Question 49

Use the following information to answer questions 48 and 49.
A firm bought lathe machine for Le 45,600 on 1st January, 2015. The life span was estimated to be 20 years while scrap at the end of the period was valued at Le 1,600. It was to be depreciated by fixed instalment method.
The net book value of the machine as at 31st December, 2017 was

1. A.Le 44,000.
2. B.Le 41,200.
3. C.Le 39,000.
4. D.Le 38,760.