Post Utme Uniport 2019 Accounting Question 35

Practice objective / multiple choice question 35 from the 2019 Post Utme Uniport Accounting examination.

Post Utme Uniport 2019 Accounting Objective / Multiple Choice
Question 35 POST_UTME_UNIPORT • 2019 • ACCOUNTING • objective

A company's balance sheet shows an asset of ₦50,000 in the 'Furniture' account. If the asset is depreciated by 15% per annum, what is the value of the asset after 2 years?

Answer Options

A. ₦40,000
Correct Answer B. ₦45,000
C. ₦50,000
D. ₦55,000
Correct Answer
B
Correct Option:
₦45,000

About This Question

This is Post Utme Uniport 2019 Accounting Question 35. It is one of the objective questions from the 2019 Post Utme Uniport Accounting examination.

Master the Exam!

You've seen a preview, but there are thousands more questions plus AI tutor to break down complex solutions.

Unlock Full Access Available for Android & Windows
Chat with Support