WAEC Financial Accounting 2021 Question 42

Use the following information to answer questions 41 and 42.
Cost of assets (01/01/18) ₦600,000. Annual Depreciation charge is 15% on reducing balance basis.
The net book value of the asset at 31/12/19 is

1. A.₦523,500
2. B.₦510,000
3. C.₦433,500
4. D.₦420,000