Use the following information to amswer the question that follows
Ordinary share———————————-70,000
Retained earnings—————————–31,142
Motor vehicle at cost————————–21,136
Accumulated dep. – motor vehicle———7,109
Furniture and fittings at cost—————-1,334
Accumulated dep. fur & fitts at cost——-1,007
Stock———————————————-32,200
Debtors——————————————-49,380
Bank———————————————–15,953
Creditors——————————————11,329
Net book value of fixed assets is—-
- 22,480
- 21,136
-
14,354
- 14,027
The correct answer is: C
Explanation
Motor vehicle at cost + furniture and fittings at cost - depreciation
21,136 + 1334 - (7,109 + 1,007)
22,470 - 8,116 = 14,354