Post Utme Redeemers University 2019 Accounting Question 22

Practice objective / multiple choice question 22 from the 2019 Post Utme Redeemers University Accounting examination.

Post Utme Redeemers University 2019 Accounting Objective / Multiple Choice
Question 22 POST_UTME_REDEEMERS_UNIVERSITY • 2019 • ACCOUNTING • objective

A company purchases a machine for ₦1,500,000 and depreciates it by 10% per annum. If the company uses the straight-line method of depreciation, what is the value of the machine after 3 years?

Answer Options

Correct Answer A. ₦1,350,000
B. ₦1,400,000
C. ₦1,450,000
D. ₦1,500,000
Correct Answer
A
Correct Option:
₦1,350,000

About This Question

This is Post Utme Redeemers University 2019 Accounting Question 22. It is one of the objective questions from the 2019 Post Utme Redeemers University Accounting examination.

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