Post Utme Achievers University 2021 Accounting Question 12

Practice objective / multiple choice question 12 from the 2021 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2021 Accounting Objective / Multiple Choice
Question 12 POST_UTME_ACHIEVERS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's accounting policy requires that all assets be valued at cost less depreciation. If a company purchases a machine for ₦500,000 and depreciates it by 10% per annum, what is the book value of the machine after 3 years?

Answer Options

A. ₦420,000
B. ₦450,000
Correct Answer C. ₦480,000
D. ₦510,000
Correct Answer
C
Correct Option:
₦480,000

About This Question

This is Post Utme Achievers University 2021 Accounting Question 12. It is one of the objective questions from the 2021 Post Utme Achievers University Accounting examination.

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