Post Utme Veritas University 2018 Accounting Question 15

Practice objective / multiple choice question 15 from the 2018 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2018 Accounting Objective / Multiple Choice
Question 15 POST_UTME_VERITAS_UNIVERSITY • 2018 • ACCOUNTING • objective

A company's depreciation policy is to depreciate its assets by 10% per annum. The company's asset value as at 31st December 2021 was ₦1,000,000. What is the company's asset value as at 31st December 2022?

Answer Options

A. ₦900,000
B. ₦1,000,000
Correct Answer C. ₦1,100,000
D. ₦1,200,000
Correct Answer
C
Correct Option:
₦1,100,000

About This Question

This is Post Utme Veritas University 2018 Accounting Question 15. It is one of the objective questions from the 2018 Post Utme Veritas University Accounting examination.

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