Post Utme Nile University 2022 Accounting Question 13

Practice objective / multiple choice question 13 from the 2022 Post Utme Nile University Accounting examination.

Post Utme Nile University 2022 Accounting Objective / Multiple Choice
Question 13 POST_UTME_NILE_UNIVERSITY • 2022 • ACCOUNTING • objective

A company purchased a machine for ₦500,000. Depreciation is provided at 10% per annum on the reducing balance method. Calculate the value of the machine after 2 years.

Answer Options

A. ₦400,000
Correct Answer B. ₦450,000
C. ₦500,000
D. ₦550,000
Correct Answer
B
Correct Option:
₦450,000

About This Question

This is Post Utme Nile University 2022 Accounting Question 13. It is one of the objective questions from the 2022 Post Utme Nile University Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support