Post Utme Aaua 2017 Accounting Question 7

Practice objective / multiple choice question 7 from the 2017 Post Utme Aaua Accounting examination.

Post Utme Aaua 2017 Accounting Objective / Multiple Choice
Question 7 POST_UTME_AAUA • 2017 • ACCOUNTING • objective

A company's assets are valued at ₦100,000. However, the company's accountant estimates that the assets will depreciate by 10% each year. What is the value of the assets after 5 years?

Answer Options

Correct Answer A. ₦61,610
B. ₦64,100
C. ₦66,690
D. ₦69,280
Correct Answer
A
Correct Option:
₦61,610

About This Question

This is Post Utme Aaua 2017 Accounting Question 7. It is one of the objective questions from the 2017 Post Utme Aaua Accounting examination.

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