Post Utme Christopher University 2022 Accounting Question 1

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

Post Utme Christopher University 2022 Accounting Objective / Multiple Choice
Question 1 POST_UTME_CHRISTOPHER_UNIVERSITY • 2022 • ACCOUNTING • objective

Determine the amount of depreciation expense for the year ended December 31, 2022, for a machine purchased on January 1, 2020, for ₦1,500,000, with a useful life of 5 years and a residual value of ₦200,000.

Answer Options

A. ₦150,000
Correct Answer B. ₦200,000
C. ₦250,000
D. ₦300,000
Correct Answer
B
Correct Option:
₦200,000

About This Question

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

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