Post Utme Madonna University 2022 Accounting Question 19

Practice objective / multiple choice question 19 from the 2022 Post Utme Madonna University Accounting examination.

Post Utme Madonna University 2022 Accounting Objective / Multiple Choice
Question 19 POST_UTME_MADONNA_UNIVERSITY • 2022 • ACCOUNTING • objective

What is the correct formula for calculating the net book value of a fixed asset?

Answer Options

Correct Answer A. Cost - Accumulated Depreciation
B. Cost + Accumulated Depreciation
C. Accumulated Depreciation - Cost
D. Cost x Accumulated Depreciation
Correct Answer
A
Correct Option:
Cost - Accumulated Depreciation

About This Question

This is Post Utme Madonna University 2022 Accounting Question 19. It is one of the objective questions from the 2022 Post Utme Madonna University Accounting examination.

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