Post Utme Crawford University 2019 Accounting Question 13

Practice objective / multiple choice question 13 from the 2019 Post Utme Crawford University Accounting examination.

Post Utme Crawford University 2019 Accounting Objective / Multiple Choice
Question 13 POST_UTME_CRAWFORD_UNIVERSITY • 2019 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and depreciates it using the straight-line method over a period of 5 years. The annual depreciation is ₦80,000. What is the carrying value of the machine after 3 years?

Answer Options

A. ₦340,000
Correct Answer B. ₦360,000
C. ₦380,000
D. ₦400,000
Correct Answer
B
Correct Option:
₦360,000

About This Question

This is Post Utme Crawford University 2019 Accounting Question 13. It is one of the objective questions from the 2019 Post Utme Crawford University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support