Post Utme Al Hikmah University 2019 Accounting Question 2

Practice objective / multiple choice question 2 from the 2019 Post Utme Al Hikmah University Accounting examination.

Post Utme Al Hikmah University 2019 Accounting Objective / Multiple Choice
Question 2 POST_UTME_AL-HIKMAH_UNIVERSITY • 2019 • ACCOUNTING • objective

A company purchased a machine for ₦120,000. At the end of the first year, its value decreased by 20%. At the end of the second year, its value decreased by a further 15%. Calculate the total depreciation for the two years.

Answer Options

A. ₦24,000
B. ₦30,000
Correct Answer C. ₦36,000
D. ₦42,000
Correct Answer
C
Correct Option:
₦36,000

About This Question

This is Post Utme Al Hikmah University 2019 Accounting Question 2. It is one of the objective questions from the 2019 Post Utme Al Hikmah University Accounting examination.

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