Post Utme Covenant University 2022 Accounting Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2022 Accounting Objective / Multiple Choice
Question 10 POST_UTME_COVENANT_UNIVERSITY • 2022 • ACCOUNTING • objective

A company purchases a machine for ₦300,000 and depreciates it using the reducing balance method. The rate of depreciation is 20% per annum. What is the value of the machine after 2 years?

Answer Options

A. ₦144,000
B. ₦180,000
Correct Answer C. ₦216,000
D. ₦240,000
Correct Answer
C
Correct Option:
₦216,000

About This Question

This is Post Utme Covenant University 2022 Accounting Question 10. It is one of the objective questions from the 2022 Post Utme Covenant University Accounting examination.

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