Use the information below to answer question An asset was purchase for ₦343m in 2003. The estimated life of the asset was 3 years with a residual value of ₦...

Question 1 Report

Use the information below to answer question

An asset was purchase for ₦343m in 2003.

The estimated life of the asset was 3 years with a residual value of ₦28m.

What was the asset value at the beginning of the third year?