Post Utme Unilorin 2021 Accounting Question 10

Practice objective / multiple choice question 10 from the 2021 Post Utme Unilorin Accounting examination.

Post Utme Unilorin 2021 Accounting Objective / Multiple Choice
Question 10 POST_UTME_UNILORIN • 2021 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum. If the company's asset value is ₦100,000 at the beginning of the year, what will be its value at the end of the year?

Answer Options

Correct Answer A. ₦90,000
B. ₦80,000
C. ₦70,000
D. ₦60,000
Correct Answer
A
Correct Option:
₦90,000

About This Question

This is Post Utme Unilorin 2021 Accounting Question 10. It is one of the objective questions from the 2021 Post Utme Unilorin Accounting examination.

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