Post Utme Unilag 2020 Accounting Question 20

Practice objective / multiple choice question 20 from the 2020 Post Utme Unilag Accounting examination.

Post Utme Unilag 2020 Accounting Objective / Multiple Choice
Question 20 POST_UTME_UNILAG • 2020 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum. If the asset is valued at ₦1,000,000, what will be its value after 2 years?

Answer Options

A. ₦900,000
Correct Answer B. ₦800,000
C. ₦700,000
D. ₦600,000
Correct Answer
B
Correct Option:
₦800,000

About This Question

This is Post Utme Unilag 2020 Accounting Question 20. It is one of the objective questions from the 2020 Post Utme Unilag Accounting examination.

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