Post Utme Madonna University 2018 Accounting Question 40

Practice objective / multiple choice question 40 from the 2018 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2018 Accounting Objective / Multiple Choice
Question 40 POST_UTME_MADONNA_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's assets are valued at ₦1,000,000, liabilities are ₦200,000, and equity is ₦800,000. If the company's assets depreciate by 10% and liabilities increase by 20%, what is the new equity value?

Answer Options

A. ₦720,000
B. ₦800,000
Correct Answer C. ₦880,000
D. ₦960,000
Correct Answer
C
Correct Option:
₦880,000

About This Question

This is Post Utme Madonna University 2018 Accounting Question 40. It is one of the objective questions from the 2018 Post Utme Madonna University Accounting examination.

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