London Ltd Bought a Computer System Two Years Ago for $50,000.They

question 74

Multiple Choice

London Ltd bought a computer system two years ago for $50,000.They are amortizing it using the straight-line method over five years.At the end of the second year what is the computer system's net book value (NBV) ?

• A)$10,000
• B)$20,000
• C)$30,000
• D)$50,000

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