Post Utme Mountain Top University 2017 Accounting Question 40

Practice objective / multiple choice question 40 from the 2017 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2017 Accounting Objective / Multiple Choice
Question 40 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum. If the asset is valued at ₦100,000, what will be its value after 5 years?

Answer Options

A. ₦50,000
B. ₦60,000
Correct Answer C. ₦70,000
D. ₦80,000
Correct Answer
C
Correct Option:
₦70,000

About This Question

This is Post Utme Mountain Top University 2017 Accounting Question 40. It is one of the objective questions from the 2017 Post Utme Mountain Top University Accounting examination.

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