Post Utme Rsu 2022 Accounting Question 10

Practice objective / multiple choice question 10 from the 2022 Post Utme Rsu Accounting examination.

Post Utme Rsu 2022 Accounting Objective / Multiple Choice
Question 10 POST_UTME_RSU • 2022 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum. If an asset cost ₦100,000 and has a useful life of 5 years, what is its book value after 3 years?

Answer Options

Correct Answer A. ₦60,000
B. ₦70,000
C. ₦80,000
D. ₦90,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Post Utme Rsu 2022 Accounting Question 10. It is one of the objective questions from the 2022 Post Utme Rsu Accounting examination.

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