Post Utme Unilorin 2017 Accounting Question 10

Practice objective / multiple choice question 10 from the 2017 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2017 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNILORIN • 2017 • ACCOUNTING • objective

A company's balance sheet shows an asset of ₦200,000 with a carrying value of ₦180,000. What is the amount of impairment loss?

Answer Options

Correct Answer A. ₦20,000
B. ₦30,000
C. ₦40,000
D. ₦50,000
Correct Answer
A
Correct Option:
₦20,000

About This Question

This is Post Utme Unilorin 2017 Accounting Question 10. It is one of the objective questions from the 2017 Post Utme Unilorin Accounting examination.

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