Post Utme Igbinedion University 2023 Accounting Question 28

Practice objective / multiple choice question 28 from the 2023 Post Utme Igbinedion University Accounting examination.

Post Utme Igbinedion University 2023 Accounting Objective / Multiple Choice
Question 28 POST_UTME_IGBINEDION_UNIVERSITY • 2023 • ACCOUNTING • objective

A company's depreciation expense for the year is 20,000. If the asset's original cost is 100,000 and its residual value is 20,000, what is the asset's book value?

Answer Options

Correct Answer A. 60,000
B. 80,000
C. 100,000
D. 120,000
Correct Answer
A
Correct Option:
60,000

About This Question

This is Post Utme Igbinedion University 2023 Accounting Question 28. It is one of the objective questions from the 2023 Post Utme Igbinedion University Accounting examination.

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