Post Utme Abu 2020 Accounting Question 16

Practice objective / multiple choice question 16 from the 2020 Post Utme Abu Accounting examination.

Post Utme Abu 2020 Accounting Objective / Multiple Choice
Question 16 POST_UTME_ABU • 2020 • ACCOUNTING • objective

A company purchased a machine for ₦500,000. The machine's useful life is 5 years, and it is expected to depreciate by 20% each year. Calculate the machine's value after 3 years.

Answer Options

A. ₦250,000
B. ₦300,000
Correct Answer C. ₦350,000
D. ₦400,000
Correct Answer
C
Correct Option:
₦350,000

About This Question

This is Post Utme Abu 2020 Accounting Question 16. It is one of the objective questions from the 2020 Post Utme Abu Accounting examination.

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