Post Utme Ui 2024 Accounting Question 20

Practice objective / multiple choice question 20 from the 2024 Post Utme Ui Accounting examination.

Post Utme Ui 2024 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UI • 2024 • ACCOUNTING • objective

A company has the following transactions during the year ended December 31, 2023: Purchased office equipment for ₦500,000; Sold office equipment for ₦300,000; Depreciated office equipment by 20%. Calculate the net book value of the office equipment at December 31, 2023.

Answer Options

Correct Answer A. ₦400,000
B. ₦300,000
C. ₦500,000
D. ₦200,000
Correct Answer
A
Correct Option:
₦400,000

About This Question

This is Post Utme Ui 2024 Accounting Question 20. It is one of the objective questions from the 2024 Post Utme Ui Accounting examination.

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