Post Utme Ksu 2019 Accounting Question 29

Practice objective / multiple choice question 29 from the 2019 Post Utme Ksu Accounting examination.

Post Utme Ksu 2019 Accounting Objective / Multiple Choice
Question 29 POST_UTME_KSU • 2019 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum. If the asset's original cost is ₦100,000, what is the asset's value after 2 years?

Answer Options

A. ₦80,000
Correct Answer B. ₦90,000
C. ₦100,000
D. ₦110,000
Correct Answer
B
Correct Option:
₦90,000

About This Question

This is Post Utme Ksu 2019 Accounting Question 29. It is one of the objective questions from the 2019 Post Utme Ksu 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