Test Index

JAMB Commerce 2019 Paper

Question : 6

Total: 82

Solution:

Concept:

Fixed assets are long-term items used in a business, and their total value is the sum of all such assets listed.

Explanation:

From the summary, the fixed assets of Ojo trading company are:

Furniture =

2000

Equipment =

2900

Add both values together:

2000 + 2900 = 4900

Therefore, the total fixed assets amount to

4900

Answer:

4900

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