Post Utme Covenant University 2019 Accounting Question 19

Practice objective / multiple choice question 19 from the 2019 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2019 Accounting Objective / Multiple Choice
Question 19 POST_UTME_COVENANT_UNIVERSITY • 2019 • ACCOUNTING • objective

A company's depreciation policy is to depreciate all assets by 10% per annum. If an asset with a cost of ₦100,000 is purchased on 1st January 2022, what will be its value at the end of the year?

Answer Options

Correct Answer A. ₦90,000
B. ₦80,000
C. ₦70,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Covenant University 2019 Accounting Question 19. It is one of the objective questions from the 2019 Post Utme Covenant University Accounting examination.

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