Use the following information to answer the given question Kudi Local Government Council incurred the…

Use the following information to answer the given question
Kudi Local Government Council incurred the following expenditure in 1995:
(begin{array}{c|c} & N \ hline text{Payment of salaries} & 140,000 \ text{Purchase of drugs for dispensaries} & 80,000 \ text{Purchase of books for Library} & 30,000 \ text{Sinking of wells} & 70,000 \ text{Extension of Council offices} & 160,000 end{array})
The amount of capital expenditure for 1995 was
  • A.
    N260,000
  • B.
    N230,000
  • C.
    N220,000
  • D.
    N160,00
  • E.
    N140,000
Correct Answer: Option B
Explanation
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