Post Utme Mountain Top University 2022 Accounting Question 14

Practice objective / multiple choice question 14 from the 2022 Post Utme Mountain Top University Accounting examination.

Post Utme Mountain Top University 2022 Accounting Objective / Multiple Choice
Question 14 POST_UTME_MOUNTAIN_TOP_UNIVERSITY • 2022 • ACCOUNTING • objective

A company purchases a building for ₦500,000 and depreciates it using the reducing-balance method. If the rate of depreciation is 10% per annum, what is the value of the building after 3 years?

Answer Options

A. ₦300,000
B. ₦320,000
Correct Answer C. ₦340,000
D. ₦360,000
Correct Answer
C
Correct Option:
₦340,000

About This Question

This is Post Utme Mountain Top University 2022 Accounting Question 14. It is one of the objective questions from the 2022 Post Utme Mountain Top University Accounting examination.

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