Post Utme Ims U 2019 Accounting Question 23

Practice objective / multiple choice question 23 from the 2019 Post Utme Ims U Accounting examination.

Post Utme Ims U 2019 Accounting Objective / Multiple Choice
Question 23 POST_UTME_IMS_U • 2019 • ACCOUNTING • objective

A company's assets are valued as follows: | Asset | Cost | Accumulated Depreciation | Net Book Value | | --- | --- | --- | --- | | Plant | 10,000 | 2,000 | 8,000 | | Furniture | 5,000 | 1,000 | 4,000 | | Motor Vehicle | 8,000 | 1,500 | 6,500 | What is the total value of the company's assets?

Answer Options

A. ₦18,500
B. ₦19,500
Correct Answer C. ₦20,500
D. ₦21,500
Correct Answer
C
Correct Option:
₦20,500

About This Question

This is Post Utme Ims U 2019 Accounting Question 23. It is one of the objective questions from the 2019 Post Utme Ims U Accounting examination.

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