Post Utme Caleb University 2017 Accounting Question 18

Practice objective / multiple choice question 18 from the 2017 Post Utme Caleb University Accounting examination.

Post Utme Caleb University 2017 Accounting Objective / Multiple Choice
Question 18 POST_UTME_CALEB_UNIVERSITY • 2017 • ACCOUNTING • objective

A company purchases a machine for ₦500,000 and sells it 2 years later for ₦600,000. Calculate the profit made from the sale of the machine, assuming the company uses the straight-line method of depreciation.

Answer Options

A. ₦25,000
B. ₦50,000
C. ₦75,000
Correct Answer D. ₦100,000
Correct Answer
D
Correct Option:
₦100,000

About This Question

This is Post Utme Caleb University 2017 Accounting Question 18. It is one of the objective questions from the 2017 Post Utme Caleb University Accounting examination.

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