Post Utme Mountain Top University 2018 Accounting Question 18

Practice objective / multiple choice question 18 from the 2018 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2018 Accounting Objective / Multiple Choice
Question 18 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's depreciation on a machine is ₦ 10,000 per year. The machine was purchased for ₦ 50,000. What is the machine's book value after 5 years?

Answer Options

A. ₦ 20,000
B. ₦ 30,000
Correct Answer C. ₦ 40,000
D. ₦ 50,000
Correct Answer
C
Correct Option:
₦ 40,000

About This Question

This is Post Utme Mountain Top University 2018 Accounting Question 18. It is one of the objective questions from the 2018 Post Utme Mountain Top University Accounting examination.

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