Post Utme Esut 2017 Accounting Question 20

Practice objective / multiple choice question 20 from the 2017 Post Utme Esut Accounting examination.

Post Utme Esut 2017 Accounting Objective / Multiple Choice
Question 20 POST_UTME_ESUT • 2017 • ACCOUNTING • objective

A company's assets are valued at ₦500,000. The company's depreciation policy is to depreciate assets by 10% per annum. What is the correct value of the company's assets after 2 years?

Answer Options

A. ₦450,000
B. ₦490,000
C. ₦490,000
Correct Answer D. ₦540,000
Correct Answer
D
Correct Option:
₦540,000

About This Question

This is Post Utme Esut 2017 Accounting Question 20. It is one of the objective questions from the 2017 Post Utme Esut Accounting examination.

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