Post Utme Esut 2017 Accounting Question 5

Practice objective / multiple choice question 5 from the 2017 Post Utme Esut Accounting examination.

Post Utme Esut 2017 Accounting Objective / Multiple Choice
Question 5 POST_UTME_ESUT • 2017 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum using the straight-line method. If the asset's original cost is ₦100,000, calculate the asset's value after 5 years.

Answer Options

A. ₦50,000
B. ₦60,000
C. ₦70,000
Correct Answer D. ₦80,000
Correct Answer
D
Correct Option:
₦80,000

About This Question

This is Post Utme Esut 2017 Accounting Question 5. It is one of the objective questions from the 2017 Post Utme Esut Accounting examination.

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