Post Utme Bowen University 2022 Accounting Question 1

Practice objective / multiple choice question 1 from the 2022 Post Utme Bowen University Accounting examination.

Post Utme Bowen University 2022 Accounting Objective / Multiple Choice
Question 1 POST_UTME_BOWEN_UNIVERSITY • 2022 • ACCOUNTING • objective

Determine the amount of depreciation on a machine that cost ₦120,000 and has a useful life of 5 years, using the straight-line method. The machine is currently in its third year of use.

Answer Options

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

About This Question

This is Post Utme Bowen University 2022 Accounting Question 1. It is one of the objective questions from the 2022 Post Utme Bowen University Accounting examination.

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