Post Utme Caleb University 2017 Accounting Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 2 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A government agency has a fixed asset of ₦10 million, which is depreciated by 10% per annum. What is the carrying value of the asset after 3 years?

Answer Options

Correct Answer A. ₦7,100,000
B. ₦8,100,000
C. ₦9,100,000
D. ₦10,100,000
Correct Answer
A
Correct Option:
₦7,100,000

About This Question

This is Post Utme Caleb University 2017 Accounting Question 2. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

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