Use the following information to answer the given question (begin{array}{c|c} & N \ hline text{Furniture…

Use the following information to answer the given question
(begin{array}{c|c} & N \ hline text{Furniture and Fittings} & 15,000 \ text{Land and building} & 40,000 \ text{Motor Vehicles} & 25,000 \ Stock & 10,000 \ Debtors & 27,000 \ text{Cash in hand} & 2,000 \ text{Bank overdraft} & 17,500 \ text{Profit and loss b/d} & 28,000 \ text{Rent owing} & 800 \ text{Sundry creditors} & 22,000end{array})
The value of total fixed assets is
  • A.
    N119,500
  • B.
    N90,000
  • C.
    N80,000
  • D.
    N79,200
  • E.
    N68,300
Correct Answer: Option C
Explanation
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