Post Utme Covenant University 2024 Accounting Question 36

Practice objective / multiple choice question 36 from the 2024 Post Utme Covenant University Accounting examination.

Post Utme Covenant University 2024 Accounting Objective / Multiple Choice
Question 36 POST_UTME_COVENANT_UNIVERSITY • 2024 • ACCOUNTING • objective

A company has two departments, A and B. Department A has an asset of ₦100,000, and department B has an asset of ₦80,000. The company uses the straight-line method of depreciation. If the asset is depreciated by 10% per annum, what is the value of the asset after 2 years?

Answer Options

Correct Answer A. ₦64,000
B. ₦72,000
C. ₦80,000
D. ₦88,000
Correct Answer
A
Correct Option:
₦64,000

About This Question

This is Post Utme Covenant University 2024 Accounting Question 36. It is one of the objective questions from the 2024 Post Utme Covenant University Accounting examination.

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