Post Utme Igbinedion University 2019 Accounting Question 13

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

Post Utme Igbinedion University 2019 Accounting Objective / Multiple Choice
Question 13 POST_UTME_IGBINEDION_UNIVERSITY • 2019 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and depreciates it by 10% per annum. Calculate the book value of the machine after 3 years.

Answer Options

A. ₦300,000
Correct Answer B. ₦350,000
C. ₦400,000
D. ₦450,000
Correct Answer
B
Correct Option:
₦350,000

About This Question

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

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