Post Utme Achievers University 2019 Accounting Question 11

Practice objective / multiple choice question 11 from the 2019 Post Utme Achievers University Accounting examination.

Post Utme Achievers University 2019 Accounting Objective / Multiple Choice
Question 11 POST_UTME_ACHIEVERS_UNIVERSITY • 2019 • ACCOUNTING • objective

Determine the amount of depreciation for a machine that cost ₦250,000 and has a useful life of 5 years, with a residual value of ₦50,000. The machine is depreciated using the straight-line method.

Answer Options

A. ₦40,000
Correct Answer B. ₦50,000
C. ₦60,000
D. ₦70,000
Correct Answer
B
Correct Option:
₦50,000

About This Question

This is Post Utme Achievers University 2019 Accounting Question 11. It is one of the objective questions from the 2019 Post Utme Achievers University Accounting examination.

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