Post Utme Joseph Ayo Babalola University 2017 Accounting Question 37

Practice objective / multiple choice question 37 from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

Post Utme Joseph Ayo Babalola University 2017 Accounting Objective / Multiple Choice
Question 37 POST_UTME_JOSEPH_AYO_BABALOLA_UNIVERSITY • 2017 • ACCOUNTING • objective

A company uses the depreciation account to record transactions. If the company purchases a machine for ₦50,000 and depreciates it by 20% per annum, what is the value of the machine after 2 years?

Answer Options

A. ₦40,000
Correct Answer B. ₦42,000
C. ₦44,000
D. ₦46,000
Correct Answer
B
Correct Option:
₦42,000

About This Question

This is Post Utme Joseph Ayo Babalola University 2017 Accounting Question 37. It is one of the objective questions from the 2017 Post Utme Joseph Ayo Babalola University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support