Post Utme Veritas University 2021 Accounting Question 31

Practice objective / multiple choice question 31 from the 2021 Post Utme Veritas University Accounting examination.

Post Utme Veritas University 2021 Accounting Objective / Multiple Choice
Question 31 POST_UTME_VERITAS_UNIVERSITY • 2021 • ACCOUNTING • objective

A company's manufacturing department uses a machine that depreciates by 10% every year. If the initial cost of the machine is ₦1,500,000, what is its value after 3 years?

Answer Options

A. ₦1,350,000
B. ₦1,215,000
Correct Answer C. ₦1,080,000
D. ₦945,000
Correct Answer
C
Correct Option:
₦1,080,000

About This Question

This is Post Utme Veritas University 2021 Accounting Question 31. It is one of the objective questions from the 2021 Post Utme Veritas University Accounting examination.

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