Post Utme Uniport 2019 Accounting Question 32

Practice objective / multiple choice question 32 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 32 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company's balance sheet shows an asset of ₦100,000 in the 'Office Equipment' account. If the asset is depreciated by 20% per annum, what is the value of the asset after 3 years?

Answer Options

Correct Answer A. ₦60,000
B. ₦80,000
C. ₦100,000
D. ₦120,000
Correct Answer
A
Correct Option:
₦60,000

About This Question

This is Post Utme Uniport 2019 Accounting Question 32. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

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