Post Utme Bsu 2022 Accounting Question 6

Practice objective / multiple choice question 6 from the 2022 Post Utme Bsu Accounting examination.

Post Utme Bsu 2022 Accounting Objective / Multiple Choice
Question 6 POST_UTME_BSU • 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 expected to be sold for ₦20,000 after 5 years.

Answer Options

A. ₦20,000
Correct Answer B. ₦24,000
C. ₦28,000
D. ₦32,000
Correct Answer
B
Correct Option:
₦24,000

About This Question

This is Post Utme Bsu 2022 Accounting Question 6. It is one of the objective questions from the 2022 Post Utme Bsu Accounting examination.

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