Post Utme Christopher University 2024 Accounting Question 10

Practice objective / multiple choice question 10 from the 2024 Post Utme Christopher University Accounting examination.

Post Utme Christopher University 2024 Accounting Objective / Multiple Choice
Question 10 POST_UTME_CHRISTOPHER_UNIVERSITY • 2024 • ACCOUNTING • objective

A company's depreciation policy requires that all assets be depreciated at a rate of 10% per annum. If an asset is purchased for ₦100,000, what is its value after 5 years?

Answer Options

A. ₦50,000
B. ₦60,000
C. ₦70,000
Correct Answer D. ₦80,000
Correct Answer
D
Correct Option:
₦80,000

About This Question

This is Post Utme Christopher University 2024 Accounting Question 10. It is one of the objective questions from the 2024 Post Utme Christopher University Accounting examination.

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