Post Utme Skyline University 2017 Accounting Question 19

Practice objective / multiple choice question 19 from the 2017 Post Utme Skyline University Accounting examination.

Post Utme Skyline University 2017 Accounting Objective / Multiple Choice
Question 19 POST_UTME_SKYLINE_UNIVERSITY • 2017 • ACCOUNTING • objective

A company's assets are as follows: | Asset | Cost | Accumulated Depreciation | Book Value | | --- | --- | --- | --- | | Machinery | 50,000 | 10,000 | 40,000 | | Furniture | 20,000 | 5,000 | 15,000 | | Vehicles | 30,000 | 8,000 | 22,000 | What is the total book value of the company's assets?

Answer Options

A. ₦77,000
B. ₦77,500
Correct Answer C. ₦78,000
D. ₦78,500
Correct Answer
C
Correct Option:
₦78,000

About This Question

This is Post Utme Skyline University 2017 Accounting Question 19. It is one of the objective questions from the 2017 Post Utme Skyline University Accounting examination.

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