Post Utme Lasu 2020 Accounting Question 13

Practice objective / multiple choice question 13 from the 2020 Post Utme Lasu Accounting examination.

Post Utme Lasu 2020 Accounting Objective / Multiple Choice
Question 13 POST_UTME_LASU • 2020 • ACCOUNTING • objective

A company purchased a machine for ₦500,000 and depreciated it by 10% per annum. Calculate the book value of the machine after 3 years.

Answer Options

A. ₦300,000
B. ₦350,000
Correct Answer C. ₦400,000
D. ₦450,000
Correct Answer
C
Correct Option:
₦400,000

About This Question

This is Post Utme Lasu 2020 Accounting Question 13. It is one of the objective questions from the 2020 Post Utme Lasu Accounting examination.

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