Post Utme Greenfield University 2017 Accounting Question 2

Practice objective / multiple choice question 2 from the 2017 Post Utme Greenfield University Accounting examination.

Post Utme Greenfield University 2017 Accounting Objective / Multiple Choice
Question 2 POST_UTME_GREENFIELD_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's assets are valued at ₦500,000. If the company depreciates its assets by 10% each year, what is the value of the assets after 2 years?

Answer Options

A. ₦450,000
B. ₦490,000
Correct Answer C. ₦490,500
D. ₦490,000
Correct Answer
C
Correct Option:
₦490,500

About This Question

This is Post Utme Greenfield University 2017 Accounting Question 2. It is one of the objective questions from the 2017 Post Utme Greenfield University Accounting examination.

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