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

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