Post Utme Unilag 2021 Accounting Question 16

Practice objective / multiple choice question 16 from the 2021 Post Utme Unilag Accounting examination.

Post Utme Unilag 2021 Accounting Objective / Multiple Choice
Question 16 POST_UTME_UNILAG • 2021 • ACCOUNTING • objective

Determine the value of the asset 'Building' at the end of the year, given that it was purchased for ₦5,000,000, has a useful life of 10 years, and a residual value of ₦500,000. The company uses the straight-line method of depreciation.

Answer Options

A. ₦4,500,000
Correct Answer B. ₦4,000,000
C. ₦3,500,000
D. ₦3,000,000
Correct Answer
B
Correct Option:
₦4,000,000

About This Question

This is Post Utme Unilag 2021 Accounting Question 16. It is one of the objective questions from the 2021 Post Utme Unilag Accounting examination.

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