Post Utme Ksu 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Ksu Accounting examination.

Post Utme Ksu 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_KSU • 2021 • ACCOUNTING • objective

A company uses the straight-line method to depreciate its assets. If the asset's useful life is 5 years and its residual value is ₦0, what is the asset's book value after 3 years if the asset's cost is ₦120,000?

Answer Options

A. ₦72,000
B. ₦80,000
Correct Answer C. ₦88,000
D. ₦96,000
Correct Answer
C
Correct Option:
₦88,000

About This Question

This is Post Utme Ksu 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Ksu Accounting examination.

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