Post Utme Lautech 2018 Accounting Question 8

Practice objective / multiple choice question 8 from the 2018 Post Utme Lautech Accounting examination.

Post Utme Lautech 2018 Accounting Objective / Multiple Choice
Question 8 POST_UTME_LAUTECH • 2018 • ACCOUNTING • objective

A company purchased a machine for ₦1,000,000 and depreciated it by 10% per annum using the straight-line method. Calculate the machine's value after 3 years.

Answer Options

A. ₦900,000
B. ₦800,000
Correct Answer C. ₦700,000
D. ₦600,000
Correct Answer
C
Correct Option:
₦700,000

About This Question

This is Post Utme Lautech 2018 Accounting Question 8. It is one of the objective questions from the 2018 Post Utme Lautech Accounting examination.

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